Workers Credit Union Announces Doug Petersen’s Retirement, Selects Jay Champion as Interim President/Chief Executive Officer
Phoenix, AZ – Workers Credit Union’s ($2.6B, Littleton, MA) President/CEO Doug Petersen, who has served the cooperative since 1995, will retire on July 14. During Petersen’s tenure, the credit union grew to be one of the largest in the state with $2.6 billion in total assets, approximately $1.7 billion in loans, and more than 124,000 members. Earlier in his career, Petersen also served as Senior Vice President of Finance for the nation’s first credit union, St. Mary’s Bank.
“We’d like to thank Doug for his 27 years of service to Workers,” says Mary Heafy, Board Chair. “We wish him a happy retirement and appreciate his long-term commitment to the credit union movement.”
The Board of Directors has selected Jay Champion to serve as Interim President/Chief Executive Officer. Champion will join Workers on July 18 and guide the credit union during this transitional period as the Board searches for a permanent replacement.“Workers is firmly focused on empowering members to achieve financial wellness and we’re confident in Jay’s ability to provide the leadership needed to continue fulfilling this mission,” says Mary Heafy, Board Chair. “As a seasoned financial institution leader, Jay understands the industry and has the skills needed to maintain our team’s delivery of top-notch member serv...