Credit Union Notebook: Maine Savings FCU, Trademark FCU name new leaders
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Kim Turner, left, has been named chief operations officer at Maine Savings FCU, while Peter St. Onge has been named president and CEO of Trademark FCU.
Two Maine credit unions have recently made changes in their C-suites.
The larger of the two institutions, Hampden-based Maine Savings Federal Credit Union, named Kim Turner as its new chief operations officer as of Feb. 14.
Turner succeeds Vanessa Madore, president of Maine Savings, who also had been serving as the acting chief operations officer. Turned joined Maine Savings FCU after more than two decades in the financial industry, all of which were either directly in or related to credit unions. going back to a part-time job in high school.
Most recently, Turner was president and CEO of Jay-based Otis Federal Credit Union, where she initially started working in 2013 as vice president of operations and compliance, according to Maine Savings.
"Credit unions are in my blood. I live by their purpose to serve people of all financial means, and I am so happy to be part of the Maine Savings family," she said in a news release. "The opportunity to work here came at just the right time in my professional career."
With $550 million in assets as of Sept. 30, 2021, Maine Savings was ranked the third-largest Maine-based credit union in the 2022 Mainebiz Book of Lists. The ranking puts Maine Savings behind South Portland-based Atlantic Federal Credit Union, No.1, and Augusta-based Maine State Credit Union, No. 2.
Founded in 1962, Maine Savings has more than 30,000 members, 11 branches and over 100 employees. Branches are located in Bangor, Bar Harbor (on the Jackson Laboratory campus), Brewer, Corinth, Ellsworth, Hampden, Milo, North Vassalboro, Old Town and Portland.
Trademark leadership change
Meanwhile in South Portland, Trademark Federal Credit Union last week named Peter St. Onge as its new president and CEO.
St. Onge is joining Trademark from Westbrook-based Infinity Federal Credit Union, where he was director of branch experience.
At Trademark, St. Onge succeeds Joann Bisson, who joined Oxford Federal Credit Union in Mexico in January to serve as that institution's executive vice president. Trademark employs 24 people and has current assets of more than $100 million, according to a spokesperson.
In its Feb. 17 announcement, Trademark described St. Onge as a lifelong Mainer with a demonstrated history of success in the financial service industry. The appointment follows an extensive search for Bisson's successor.
"We are all very excited to focus our energy on community and the credit union philosophy of people helping people," said Cindy Grasse, Trademark's vice president of lending. "With Peter at the helm, strengthening those relationships with a positive message, we are confident that he will lead us into a new level of success."
St. Onge said, "At my core, I believe in our state's values, work ethic and sense of togetherness, which seamlessly fits into the credit union movement. I am thankful for the opportunity to be part of Trademark's very promising future, and I look forward to serving as their new president and CEO."
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