CAMBRIDGE, Mass.—MIT Federal Credit Union has named a new president/CEO. The $583-million MIT FCU has named Rui F. Domingos to lead the organization.
Domingos most recently served as CEO of the $143-million Naveo Credit Union in Somerville, Mass. Naveo said in a statement it has launched a search and for now it will be led by its senior management team.
Domingos has more than 29 years of experience in credit unions and is “passionate about the significance of credit unions in the community,” MIT FCU said in a statement. “Mr. Domingos, a member focused leader, has an outstanding history of creating highly engaged teams which has been proven by leading results oriented organizational change and by making an impact within his community.”
“We are delighted to welcome Mr. Domingos to MIT FCU and are confident that he is the right person to build on MITFCU’s momentum,” said David Markuson, chairman, in a statement. “He is a leader with strong background of financial, operational and executive management experience who will ensure continued excellence of service to our membership as well as taking MIT FCU to the next level.”
Added Domingos, "I am humbled and honored to join this fantastic organization and appreciate the board of directors’ confidence in me to lead MIT FCU. I look forward to working with the credit union's talented team to continue to deliver great value to our members. In addition, I am eager to engage with the MIT community and affiliated organizations to collaborate on initiatives that will improve the financial well-being of the credit union members."
The credit union has approximately 35,450 members.
Search Is Launched
Naveo Credit Union said it has launched a search for a new CEO. In the interim, Naveo said it will be led by its senior management team, all of whom have been with the credit union for several years.
“We thank Rui for the great accomplishments he made in his many years of service. We wish him great success in his new venture,” said Naveo CU Chairperson Leontina Mancini,