NEWPORT NEWS, Va.–One credit union has announced a new CEO, while another CEO has announced retirement plans.
At Bayport Credit Union here, James B. Mears has been named CEO, the credit union’s fifth CEO in its 91-year-history. Mears has worked for BayPort for 25 years, and for the past 15 years has been SVP/COO.
Before joining BayPort, he was an audit manager with a local accounting firm.
Mears succeeds George R. Dudley as CEO, who retired after 25 years.
Duffy to Retire
Separately, in Worcester, Mass., Karen Duffy, CEO of Worcester Credit Union for the past 25 years, has announced her retirement. Duffy said she will exit the $81 million WCU on Aug. 31, 2019.
“We are very thankful for Karen’s hard work and loyalty to Worcester Credit Union over the past 25 years. She will be missed by the board, staff and members. However, the impact that she has made will live on at the credit union now and into the future,” said Board Chairman Robert J. Hennigan, Jr.
During her career, Duffy has also served on the board of the Cooperative Credit Union Association for 20 years, including as chair of the legislative affairs committee.
The board has retained O’Rourke and Associates to lead the search for the new CEO.