In Memoriam: Ted Desveaux

Desveaux was instrumental in the introduction of data processing, printing, check processing, card services, and the statewide advertising of Maine’s credit unions.

He began his credit union career in the early 1950s as an organizer and treasurer of St. Francis de Sales Federal Credit Union. Desveaux later managed Augusta Pulp & Sulfite Federal Credit Union, now the $38 million Capital Area Federal Credit Union in Augusta, Maine, and served on the league’s board from 1960-1964.

In 1964 he was hired to serve as a field representative, leading to his appointment as the league’s third managing director in 1970.

Desveaux also founded several credit unions, served as the president of the Association of Credit Union League Executives, held many CUNA appointments, and traveled nationally and internationally to promote the cooperative movement.

In his final report as league CEO to Maine credit unions he wrote: “I have had the privilege of meeting many great people from all over the world. No matter where they are from, credit union people are the greatest and especially here in Maine.”

After retiring from the Maine league, he co-authored A History of the Maine Credit Union Movement with fellow Casco Federal Credit Union board member John Zerillo.  Desveaux continued to serve as a volunteer of the $70 million Casco Federal Credit Union in Gorham, Maine and the $56 million Coast Line Credit Union in South Portland, Maine retiring from their boards in 2017

He is survived by his wife of 63 years, Adrienne Desveaux of Westbrook, children, grandchildren and great grandchildren.

Memorial contributions may be made to Desveaux’s church, St. Anthony of Padua, 268 Brown St., Westbrook, Maine, 04092.