Joe Gervais has been named president/CEO of the $126 million Midcoast Federal Credit Union in Bath, Maine.

Gervais has spent the past 13 years at the $211 million, 22,900-member University CU in Orono, Maine, including the past seven as executive vice president.

At Midcoast FCU, Gervais succeeds Gail Richardson, who is retiring after 33 years of service and leadership to the Maine credit union committee, the 14,500-member Midcoast said in its announcement.

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