Heritage Federal Credit Union Names New CEO

Tony Aylsworth has been selected as the new president/CEO of the $657 million Heritage Federal Credit Union, the board of directors for the Newburgh, Ind.-based financial cooperative said Tuesday.

He succeeds HFCU President/CEO David K. Milligan, who joined the credit union in January 2011 as its chief risk officer and was promoted to the CEO position in January 2017.

Under Milligan’s executive leadership, HFCU’s loans grew from $375 million at the end of 2016 to $490 million at the end of 2019, while net income gains jumped from $2.1 million to $4.2 million and membership increased from 53,123 to 61,055 over the last three years.

Aylsworth has served as HFCU’s chief risk officer since May 2018. He holds more than two decades of financial services experience, including serving 11 years as a director of regulatory risk management and director of compliance for the Old National Bank in Evansville.

Alysworth also owned a general law practice.

“The board members and I are very confident that Tony, with his many years of executive level leadership and experience, will be able to successfully lead the credit union now and well into the future,” Milligan said.

HFCU operates 10 branches and employs 185 staff.