NORTHAMPTON, Mass.–Credit unions in Massachusetts and Georgia have named new CEOs.
UMassFive College Credit Union has named a new CEO to succeed Kathy Hutchinson, who spent 42 years with the credit union.
The $470-million UMassFive has selected Rich Kump to lead the organization. Kump had previously served as VP-member services and COO and has been with the credit union for 17 years.
Prior to joining UMassFive, Hutchinson had served as an administrative assistant at the political science department at the University of Massachusetts Amherst. UMassFive gave her her first car loan in 1972, and she knew the assistant manager there, who was the mother of one of her high school friends, according to the Daily Hampshire Gazette. That lead to Hutchinson taking a job at UMassFive as a teller, and she worked her way up the organization until being named president and CEO in 1997.
“Our focus remains unchanged and unwavering,” Kump told the publication.
New CEO in Georgia
Separately, in Woodstock, Ga., Credit Union of Georgia has named a new president and CEO. Effective Aug. 1, the credit union said Brian Albrecht has been selected to lead the organization and to succeed the retiring Jerry Ragan.
Albrecht previously was the vice president of accounting and finance.
“I’ve had the unique opportunity to spend the last 10 years of my career working and growing alongside Credit Union of Georgia,” Albrecht said. “Today I’m honored by the board’s willingness to entrust in me the opportunity to lead as president and CEO. The credit union has experienced tremendous growth over the last few years, and I look forward to working closely with our board, staff and membership so that we can continue to provide our members with extraordinary products, services and experiences.”
Albrecht has over 12 years’ experience in the financial industry, with 10 of those years at Credit Union of Georgia.
He began his career with Credit Union of Georgia as a member service representative, before being named branch manager before and then director of lending.
The $315-million credit union has approximately 33,000 members.