KINGSPORT, Tenn.– Credit unions in Tennessee and Maine have named new CEOs effective with the retirement of their current leaders.
In the Volunteer State, Horizon Credit Union President/CEO Beverly Boling has announced plans to retire effective Sept. 30 after 42 years of service. The credit union has named Mark Drinnon, currently chief operating officer, as Boling’s successor
“This credit union has been so important to me over the years,” Boling said in a statement on the credit union’s website. “I believe in the philosophy of the credit union industry, which is people helping people. The most rewarding aspect of my career has been seeing that philosophy at work in three generations at Horizon Credit Union.”
Began in Basement
Boling began her career in 1979 at what was then the Municipal Employees Credit Union, in the basement of the former city hall on Center Street. During her tenure, Boling has overseen growth to $65 million in assets from $500,000, and was instrumental in the 1999 merger of Kingsport Postal and Federal Credit Union to form First Kingsport Credit Union, which then merged with AGC Credit Union in 2014 to create Horizon Credit Union.
Boling also worked to introduce many of the innovations members now see as commonplace to Horizon Credit Union, including debit cards and credit union-owned ATMs, the CU said.
During her career Boling has served on the Tennessee Credit Union League Board and in the Upper East Tennessee Chapter of Credit Unions. Currently, she volunteers her time and expertise as treasurer of the Boys and Girls Club of Greater Kingsport and as chairman of the Mount Carmel Block Party.
New CEO Mark Drinnon has been with Horizon Credit Union since 2013 and brings more than 40 years of experience in the lending and compliance.
New CEO in Maine
In Maine, the $94-million Casco FCU said Martinique Allen, currently VP-operations, will become president on Sept. 1. James Stone, president and CEO since 2007, will stay on as CEO until his retirement at the end of June 2022, at which time Allen will assume the role as president and CEO.
Casco FCU also announced the promotion of Nichole Frazier, VP-l ending, to EVP and chief lending officer.
“Both Marti and Nicki are very proficient and experienced long-term employees who have proven their knowledge, leadership, and value to our organization and dedication to our members and staff,” said Stone. “Their promotions are well deserved, and I know that the credit union will be in very capable hands for years to come.”
The credit union has approximately 9,000 members.