Harvard University Employees CU Selects New CEO

Craig Leonard will start his new job as president/CEO of Harvard University Employees Credit Union on July 18, the board of directors for the Cambridge, Mass.-based cooperative said.

He will succeed Gene Foley, who will retire in July after 25 years of service.

During Foley’s executive tenure, he helped the credit union grow from about $90 million in assets to $841 million in assets at of the end the first quarter.

In addition to growing the credit union’s products and services, he expanded its field of membership to serve Harvard University students and alumni, developed an extensive student loan program and won the competitive bid to issue the Harvard Alumni Association credit card product.

Leonard brings three decades of financial services experience to the CEO’s helm. For more than 10 years, he served as EVP and CFO for HUECU.

After graduating from Bentley College with a finance degree in 1992, he became one of the youngest bank treasurers for the Commonwealth of Massachusetts, according to HUECU.

Before joining HUECU in 2010, Leonard also held other executive positions at two large New England credit unions.

The credit union’s 115 employees operate six branches and serve a membership of more than 50,000.