FORT KENT, Maine—The $386-million Acadia Federal Credit Union has named Joey Cannan president and CEO, The County reported.
Cannan begins his new role will July 1, following the retirement of longtime president and CEO David Desjardins.
“As Dave Desjardins transitions into retirement — a well-earned milestone that honors his hard work, dedication, and the pivotal role he played in shaping what Acadia has become — we now look to the future under Joey Cannan’s stewardship,” said Chris Shaw, chairman of Acadia FCU’s board of directors. “Throughout this transition, the mandate for Acadia’s board of directors has been to safeguard the long-term stability of our credit union while continuing the strong trajectory of financial growth that positions us to be an impactful force in our communities. Joey’s experience in the industry, his genuine passion for our mission, and his steadfast belief in the necessity of our organization as an instrument for positive communal impact have earned the full confidence of this board.”
The credit union made $3.6 million in net income 2024 and $880,673 through March of this year, according to Call Report data. The CU’s net worth is 10,89%.