BETTENDORF, Iowa–R.I.A. FCU here has announced the retirement of its CEO and the naming of a successor. The $405-million credit union announced that Larry Coverstone, who has been with the credit union for more than four decades, has retired, and that Jim Watts has been named as the new president and CEO.
Coverstone began with R.I.A. FCU in 1977 as collections manager before being named CEO in 2000.
Watts is joining the credit union after having previously been SVP/COO with Central Bancshares, Inc.
R.I.A. FCU has more than 42,000 service members, primarily in Illinois, Iowa and Wisconsin.