Indiana's Largest Credit Union Appoints CEO
Forty-five-year-old Jason Osterhage takes over the helm at Teachers Credit Union this week.
Jason Osterhage, 45, was appointed president/CEO of the $4.4 billion Teachers Credit Union, Indiana’s largest financial cooperative announced Tuesday.
He succeeds Waylon Peterson, who was named interim CEO in March 2021 following the retirement of Paul Marsh, who joined the South Bend, Ind.-based TCU in 1989 as an intern and advanced through the ranks, becoming CEO in June 2011. During Marsh’s tenure, TCU grew its assets from $2 billion to $4.2 billion while its membership expanded from 277,573 to 305,220, according to NCUA Call Reports.
Osterhage most recently served as EVP and COO at the $4.5 billion Texas Dow Employees Credit Union in Lake Jackson, Texas. He also worked as chief banking officer and chief lending officer at the $15.1 billion Alliant Credit Union in Chicago.
He launched his credit union career 17 years ago at the $9 billion Delta Community Credit Union in Atlanta, where he oversaw lending, corporate strategy, program management, human resources and enterprise data analytics.
“Jason’s extensive management experience in the credit union industry makes him the ideal choice to lead our experienced executive team. Throughout his career, Jason has accumulated valuable expertise that applies to all facets of our organization, and we’re excited to see the new perspective he will bring to the credit union,” TCU Board Chair Dr. Vincent Henderson said in a prepared statement. “We’re proud of all TCU has accomplished in recent years and we’re confident that Jason will provide the leadership necessary to continue that momentum into the future.”
TCU’s 841 employees operate 57 branches throughout the Hoosier State and Southwestern Michigan, serving more than 305,000 members.