Bellwether Community Credit Union in Manchester, N.H., has named Nathan Saller as its next CEO.
The $511 million-asset institution said on Thursday that its current CEO Michael L’Ecuyer is set to retire on Oct. 1. He has served at Bellwether Community since 1998, when he was hired as senior vice president. He was named president and CEO in 2001.
Saller has been with Bellwether Community since joining its marketing team in 1997. Over the past two decades he has overseen its retail banking and call center teams, eventually taking charge of the CU’s corporate strategy. He was promoted to chief operating officer in January 2017.
The credit union noted its membership has grown from 10,000 members to more than 36,000 currently while L’Ecuyer and Saller have led the management team during the past 20 years.
John Gennetti, chairman of Bellwether’s board, said in a statement it was important for the CU to “find the right candidate, one who was committed to the values of the organization, and who at the same time possessed the industry knowledge necessary to create an incredible experience for our employees and members.”
“We were thrilled that we were able to choose a strong internal candidate whose experience and desire to do what’s right for all constituents makes him the perfect person to take the helm,” Gennetti said.
Before he came to Bellwether, L’Ecuyer worked as the senior vice president of retail banking at Safety Fund National Bank in Fitchburg, Mass. He also held vice president positions in commercial lending at Safety Fund and Shawmut Bank in Worcester, Mass.
In its most recent call report, the CU earned about $1.2 million last year, down more than 13 percent from a year earlier. As of Dec. 31, it was well capitalized with a net worth ratio of 9.68 percent.
