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(From American Banker) – Eastmill FCU in East Millinocket named Derek Hebert as its new President and CEO. He succeeds Dan Byron, who retired from the organization in March after working in the credit union industry for 31 years.
Hebert was most recently Business Services Manager at the $455 million-asset University CU in Orono. His background also includes 24 years in relationship and branch management roles at other financial institutions in Maine, the company said in a press release.
In an email, Hebert said the primary challenge of running a small credit union will be continuing to grow in its “very rural” home market.
“My initial plan to start to overcome this will be to look at the technology that is available to help us reach new areas and people within our field of membership that we may not have been able to work with due to distance from our physical locations,” he said.
The credit union will also be closely evaluating the products and services it offers, he said.