The $280 million CPM Federal Credit Union in North Charleston, S.C., has named James Gergen as its new CEO.

Gergen has more than 20 years of financial services experience, most recently with the $45.4 million Remington FCU in Ilion, N.Y., his new employer said.

He already had been working with the leadership team at CPM for the past four months and succeeds interim CEO Jane Dobbs, who will help with the transition and then move on to other credit union projects, a CPM spokesman said.

“We have been so pleased with all the wonderful, positive change happening at CPM – the selection of James Gergen as CEO is just what we need at CPM to drive us to the next level of success,” Board Chairperson Gwen Miller said in the 65,200-member credit union's announcement.

Gergen, who holds a degree in economics from Stanford University, said, “The future is very bright for the credit union and we will work as a team to offer superior personalized service and consistently competitive products throughout the state.”