Southbridge Credit Union Hires New Top Exec
After months of searching, the Southbridge Credit Union board of directors has appointed industry veteran Jeffrey Davenport as president and CEO to take over for Thomas J. Smalarz, who is set to retire March 31.
Smalarz has been with SCU for 35 years and president and CEO for the last 15. Since Smalarz became president and CEO, the credit union's assets have grown from $102 million to $166 million.
Larry Morrison, a credit union spokesman, said Smalarz was smart about adopting technology such as online banking and was "judicious and prudent with asset/liability management."
Smalarz has presided over the opening of branches in Sturbridge and Auburn, the expansion of the main branch in downtown Southbridge and the creation of the SCU web site.
Under Smalarz, SCU also initiated member financial education programs, a public financial literacy program, began offering home equity loans and established the Neighborhood Fund/Community Champions Fund, two local quality of life programs.
Davenport lives in Westminster and plans to move to the Southbridge area. For the last six years, he's been a regional sales manager for Madison, Wis.-based CUNA Mutual Group.
Previously, Davenport headed County Federal Credit Union in Caribou, Maine and held lending and management positions at Key Bank of Maine in Fort Fairfield and at Fleet Bank in Bangor. Davenport was also a director of the Massachusetts Share Insurance Corp. He has also held leadership positions at several credit union trade organizations and has served on several municipal boards and committees.
WBJ Web Partners
Most Recent
Most Recent
0 Comments