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June 30, 2023

The region’s largest credit union makes first C-suite changes in new CEO’s tenure

PHOTO | Courtesy of Digital Federal Credit Union Laurie LaChapelle, CFO of Digital Federal Credit Union

Digital Federal Credit Union in Marlborough promoted two executives into its C-suite, making them its new CFO and chief risk officer.

PHOTO | Courtesy of Digital Federal Credit Union
David DeWitt, chief risk officer at Digital Federal Credit Union

Laurie LaChapelle, previously senior vice president of finance, has transitioned to the role of CFO. LaChapelle is DCU’s first female CFO.

David DeWitt, former DCU senior vice president of enterprise services. is now chief risk officer. 

These are the first C-suite moves made during President and CEO Shruti Miyashiro’s tenure, according to a Thursday press release from DCU. Miyashiro took the role in August.

This is the first time the financial institution will have a chief risk officer, according to a DCU spokesperson. The CFO role was previously vacant. 

LaChapelle has been employed at DCU for 12 years and will now continue her role overseeing all financial functions of the company. She earned a bachelor’s degree from Merrimack College in North Andover.

In his new position, DeWitt will continue his 17-year tenure at DCU by strategizing the future of the institution's risk management program, which has passed $10 billion in assets. He graduated from UMass Lowell.

"In today’s ever-changing banking landscape, DCU is committed to fortifying our leadership to drive strategic decisions and provide member value,” Miyashiro said in the press release. “Laurie and David are respected professionals who have a track record of successfully executing innovative strategies that maintain DCU’s reputation for safety and soundness. With their subject matter expertise, we will continue to advance our credit union’s commitment to our members.”

DCU is the largest credit union based in Central Massachusetts, with $11.5 billion in assets, $49 million in 2022 net income, 1,745 employees across 24 locations, and 1.1 million members, according to the National Credit Union Administration.

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