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Matt Koch will become president/CEO of the CSE Federal Credit Union on Oct. 1, the board of directors for the Lake Charles, La.-based cooperative said.
Koch will succeed current President/CEO Clark Yelverton who plans to retire later this year.
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During Yelverton's 27-year executive tenure, the credit union grew from about $87 million in assets and 12,000 members in 1993 to $365 million in assets and more than 32,000 members at the end of the second quarter in 2020, according to Call Reports.
Matt Koch Koch, who launched his career in the financial services industry 12 years ago as a head teller of a bank, joined CSE Federal Credit Union in Sept. 2015 as its chief financial officer.
He also served as director of accounting at the $145 million Aneca Federal Credit Union. At that that Shreveport, La.-based credit union, he also worked as an accounting manager and as an accountant.
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Peter Strozniak
Credit Union Times reporter covering credit union operations, fraud, M&As, leagues, business continuity, and breaking news.
