CAMBRIDGE, Mass.–Nancy Fales has been named interim CEO of MIT FCU here, replacing Brian Ducharme, who has retired after leading the credit union for 18 years.
Fales has 30 years’ experience with the credit union and during her career has “led almost all of MIT FCU’s key operational areas – credit and collections, lending, operations, and member services as well as being the backup to the CEO in his absence,” MIT FCU said in a statement on its website.
Fales currently serves as SVP-lending.
“Under Nancy’s leadership, and with the full support of the board of directors, senior executive team, management team and staff, we expect it will be ‘business as always’ at the credit union,” MIT FCU added.
During his career Ducharme oversaw growth during his career to $571 million in assets from $93 million, and to 37,000 members from 13,000.
“Ducharme also led the credit union to evolve its services using web-, cloud- and mobile-based services,” reported Banker & Tradesman.
During his career Ducharme was active as a member of EasCorp’s supervisory committee as well as NAFCU’s and the Cooperative Credit Union Association’s legislative committees. He was elected to the board of directors of CU Student Choice in 2012, and was appointed chair two years later.