Midcoast Federal Credit Union Board of Directors announces the selection of Joe Gervais as their new Chief Executive Officer to replace Gail Richardson who will retire in June after 31 of leadership and service to the Maine Credit Union community.

Under Richardson's leadership, Midcoast credit union has grown to over $130MM in assets serving the Bath community with a history of solid financial performance.

“I have known Joe for many years and have always been impressed with his knowledge and professionalism. I am confident that under Joe’s leadership the credit union will continue to thrive.” states Richardson in a news release.

A 20-year credit union industry veteran, Gervais has demonstrated success in leading innovative credit unions and championing the credit union industry in Maine. He has spent the past 13 years in senior leadership with University Credit Union of Orono, Maine. For the past seven years, he has served as the credit union’s executive vice president with direct responsibility of the lending, marketing and retail branch functions. Gervais also served a seven-year concurrent role as president of Primary Mortgage Corporation, a credit union subsidiary providing secondary market mortgage services to other Maine credit unions.

"I am looking forward to beginning my stewardship of Midcoast FCU. The credit union has a rich history of providing highly personalized service to its members and I look forward to building upon its past success and expanding the credit union's support of the Mid Coast community."

He is an active member of Maine Credit Union League Governmental Affairs Committee and regularly testifies before the state Legislature on industry related legislation. He holds a bachelor of arts in economics from Boston College. He is the current treasurer and board member of the Portland Independent Business and Community Alliance

Midcoast Federal Credit Union has offices located in Brunswick, Bath, Edgecomb and Thomaston.