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Devon Lyon will grow to be the brand new president/CEO of Central One Credit score Union in Shrewsbury, Mass., on the finish of August when David L’Ecuyer retires after 32 years of service, the board of administrators introduced final week.

L’Ecuyer joined Central One in 1990 as an assistant supervisor and was promoted to supervisor of operations a 12 months later. By 1994, he was named CEO.

Throughout his CEO tenure, the credit score union grew belongings from $110 million in 1994 to its present belongings of $737 million, whereas loans elevated from $67.three million to $532 million, in keeping with NCUA Name Stories. Central One’s membership additionally expanded from 14,132 to 37,435.

Lyon is becoming a member of Central One from the $806 million Direct Federal Credit score Union in Needham, Mass., the place he has served as COO and as vice chairman of strategic analysis and threat administration.

Devon Lyon

He additionally labored as director of schooling for NAFCU and as director of compliance for the $2.6 billion State Division Federal Credit score Union in Alexandria, Va.

“The board of Central One may be very excited to have a strategic, results-oriented and personable chief like Devon be a part of the group,” Central One Board Chair Anthony Pini mentioned in a ready assertion. “His enthusiasm for the trade will assist drive Central One ahead into the long run, and we’re trying ahead to Devon getting into this function. David will probably be missed by the board and the workers, however the credit score union will stay in good palms with Devon on the helm.”