SOMERSET, Mass.– Somerset Federal Credit Union has named a new president/CEO following the retirement of Pamela Mello. The $177-million Somerset FCU has named Joseph Lajoie, formerly executive vice president and chief financial officer at Greenwood Credit Union in Warwick, R.I., to lead the organization.
Lajoie has more than 20 years of experience in banking and finance, primarily in credit unions. He had been with Greenwood Credit Union since 2007, where he started as senior vice president/chief financial officer and was promoted in 2017 to executive vice president and chief financial officer, overseeing the finance, IT, loan and deposit operations departments.
Lajoie previously served as assistant vice president/controller at Navigant Credit Union in Smithfield, R.I., where he oversaw the day-to-day operations of the accounting department.
“This is an exciting opportunity for me to lead a long-standing institution with a reputation for providing exemplary service to its members,” Lajoie said in a statement. “With the support of SFCU’s members, employees and board of directors, I look forward to building on Pamela’s success with introducing innovative products and leading the Credit Union to even higher achievements in providing banking solutions to our members.”
Somerset FCU has approximately 11,000 members.