Photo / Courtesy Maine State Credit Union
Neal Blake
October 22, 2024
Maine State Credit Union hires CFO with diverse financial experience
Maine State Credit Union has hired Neal Blake as senior vice president and chief financial officer.
Blake brings a variety of experience from financial institutions across the Northeast and will lead the credit union's financial strategy to support its statewide expansion.
He will work with President and CEO Stephen Wallace and other leaders to guide Maine State Credit Union's financial management and strategic operations. Blake will also work closely with Jason Hilt, senior vice president and controller, to improve financial efficiencies and enhance the organization's operational processes.
"His expertise in navigating the complex regulatory landscape of financial services, along with his innovative approach to financial management, makes him the perfect fit as we continue to expand our reach and services across Maine," said Wallace.
Prior to joining the Maine State Credit Union, Blake served as the director of financial planning and analysis for Republic Bank in Pennsylvania.
He began his career in financial services at Camden National Bank, followed by leadership roles at Bar Harbor Bank & Trust. Before working for financial institutions, he spent five years in public accounting in the Washington, D.C., metro area.
The Rockport resident received his bachelor’s in business administration from West Virginia University and his master’s from Johns Hopkins University.
"Maine State Credit Union is a model of consistent growth and community focus," said Blake. "I'm excited to contribute to its success and work with a team that prioritizes both financial innovation and service to its members. I look forward to bringing new ideas to the table as we continue to grow."
Maine State Credit Union, headquartered in Augusta, has more than $650 million in assets and 120 employees. The credit union was founded in 1935 inside the Maine State House as a savings institution for state employees, and today has more than 35,000 members.
MSCU ranks No. 3 among the largest Maine-based credit unions, according to the 2024 Mainebiz Book of Lists. The ranking is based on the credit union's assets of Sept. 30, 2023.
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