Credit Unions in Connecticut and Texas Appoint New CEOs

Howard Brady will become president/CEO of American Eagle Financial Credit Union in East Hartford, Connecticut’s second largest financial cooperative by assets.

Brady will succeed current President/CEO Dean Marchessault, who publicly announced last week his plans to retire at the end of the year.

Marchessault joined American Eagle Financial in 2003 as its SVP of retail and small business and was promoted to COO in 2008. In January 2015, he was named president/CEO.

During his CEO tenure, American Eagle Financial’s assets grew from $1.3 billion to $2.3 billion, while its membership expanded from 107,507 to 157,766, according to the credit union’s Call Reports.

Marchessault also oversaw the opening of the credit union’s first office in New Haven county and secured approval to expand American Eagle Financial’s field of membership into Western Massachusetts in 2019.

Brady has served as SVP and chief lending officer at American Eagle Financial since 2015.

The CEO transition will take effect Jan. 3, 2022.

American Eagle Financial’s 332 full-time staffers operate 17 branches.

William Palasota was appointed president/CEO of Educators Credit Union.

He succeeded Joe Hutyra who retired on April 1 after marking his 43 years of service with the Waco, Texas credit union.

Hutyra launched his career at Educators CU in 1978 as a loan officer and became its CEO in 2008.

During his CEO tenure, the credit union grew its assets from $199 million to $489 million, according to Educators CU’s Call Reports.

Educators CU’s 55 full-time employees operate eight branches.