St. Mary's Credit Union in Marlborough, Mass., has named its next CEO.
The $975 million-asset credit union said Larissa Thurston will also become its president Oct. 1.
Thurston, who joined the credit union as chief financial officer in 2014, will succeed James Garvey, who recently announced plans to retire. Garvey, who has been St. Mary's president and CEO for eight years, has spent 40 years in the financial services industry.
Thurston “has demonstrated extraordinary leadership over the years and the board is impressed with her dedication to our mission of being here for our members,” Gerard Richer, the credit union's chairman, said in a press release Monday. “Her years of experience in financial services and her commitment to make our communities a better place for all will serve St. Mary’s Credit Union well in the years ahead.”
Thurston has more than 20 years of banking experience with a background in banking strategy, finance and operations. Most recently, she was St. Mary's chief operating officer and CFO, where she was responsible for technology, marketing, human resources, deposit operations, compliance and finance plans and programs.
Before joining St. Mary’s, Thurston was controller at Bank of New England.
“It is truly an honor to lead St. Mary’s Credit Union as we continue to grow our products and technology while maintaining the friendly, reliable service our members have come to know and trust for more than 100 years,” Thurston said in the release.
