TAUNTON, Mass. — John Damaso, CEO of Taunton Federal Credit Union, has announced plans to retire, with the credit union also naming a successor.
Damaso said he will retire from the credit union on July 6, 2018, after a career in financial services of more than 40 years. Damaso has been with TFCU since July 1993 and has been CEO since 2006.
Taunton Federal has named Nelson Tavares to succeed Damaso. Tavares has spent 17 years in credit unions, having joined TFCU in 2012 as assistant vice president. In 2014 he was promoted to vice president, and is currently TFCU’s senior vice president.
TFCU reported that it has grown to more than $150 million in assets and currently serves 17,000 members. “It has truly been an honor to be part of the tremendous growth and prosperity of the Credit Union,” Damaso said in a statement.