HAMPDEN, Maine–CEO changes have been announced in two states.
In Maine, Changing Seasons FCU has named Rob Picard as its new president/CEO, succeeding long-time CEO Sue Cross, who will be retiring after 33 years. The search was handled by O’Rourke and Associates
Picard has more than 12 years’ experience in banking in finance, Prior to joining Changing Seasons FCU, he headed member services/lending for Franklin- Somerset FCU. He has also held several leadership and managerial roles with Bank of America, Ameriprise Financial and TD Bank.
“I am excited for this incredible opportunity to lead a progressive and strong credit union with my new teammates. We will work collectively in unison to provide exceptional handcrafted service to each member, every time,” said Picard. “Through hard work and dedication, we will exceed our desired goals and always place Members and Community at the core of what we do.”
In addition to Picard’s financial experience, he is also a former professional golfer.
Long-Time CEO Announces Retirement
Meanwhile, in Oswego, N.Y., the long-time CEO of Compass Federal Credit Union has announced plans to retire. Thomas O’Toole, who joined what was then known as Alcan Employees FCU in January of 1989, said he plans to step down in the spring of 2020. Prior to joining Compass FCU, he had worked in the banking industry for six years.
“I’ve had a lot of support and a great staff over the years. Compass has been a great place to come to work,” O’Toole told Oswego County Today. “It has been truly rewarding to be able to provide services that affect people’s lives in a positive way, because we care about them and we can help them. It has been our mission to help support and guide our members.”
Steady Growth
During his 31 years with the credit union, O’Toole has overseen growth to seven branches from one and to nearly 20 full-time-employees from three.
The $60-million Compass, one of three with that name in the U.S., has approximately 7,000 members.
The now community chartered Compass FCU has over the years also absorbed several other CUs via merger, including Oswego Heritage Credit Union and the Oswego Hospital Credit Union.
The credit union said it has launched a search for a successor.