BELPRE, Ohio–Michael B. Iaderosa, president and CEO of Riverview Credit Union, has announced retirement plans, with the credit union also naming a successor.
Iaderosa said he plans to retire on June 30. The credit union has named CFO Douglas G. Ankrom to succeed Iaderosa as president and CEO effective July 1.
“We are pleased to announce the appointment of Doug as our next president and CEO. He has worked side-by-side with Mike over the past five years, which will offer a seamless transition for staff and members,” said Mark Minerd, chairman of the board. “The board is confident in Doug’s ability to lead Riverview given his commitment to the success of our employees, our members and to the communities we serve. We look forward to working with him and the rest of the management team to build on our recent achievements.”
Ankrom joined Riverview in July 2014 and has more than 20 years of experience in the financial services industry, primarily in the accounting/finance area.
37-Year Career
Iaderosa joined Riverview in May 2014 with more than 37 years of banking experience. During his five-year tenure, Iaderosa has overseen several positive changes at Riverview, including an expansion of its field of membership, the addition of new products and services, a refresh of the brand and significant investments in new staff and capabilities, the credit union said.
“These actions have driven record loan production in each of the past four years, and record profits in 2018,” the credit union said.
Plans to Remain Involved
Iaderosa plans to remain involved with Riverview after his retirement by working on a part-time basis in a business development role.
“The board wants to thank Mike for the significant contributions he has made to Riverview over the past five years,” said Minerd in a statement. “His leadership and vision have helped the credit union achieve record growth and positioned Riverview for long-term growth and success. We would like to wish Mike and Joyce much joy and happiness as they enter this new phase of their lives.”