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Updated: March 31, 2023

Town & Country FCU beefs up leadership team

Town & Country Federal Credit Union has added two members to its executive team by hiring Paul Musgrove as the new CFO and senior vice president and promoting Michael Jackson to the newly-created position of chief innovation officer and senior vice president.

Musgrove, a native of Montreal, Canada, started his career in financial services at the Royal Bank of Canada in risk and treasury after graduating from Concordia University in Montreal. 

Town & Country FCU
Paul Musgrove

Musgrove, who is a CPA, brings more than 25 years of experience in the financial services industry to this position, including nearly 20 years as a chief financial officer at various financial institutions. He has worked for Boston-based online financial institution LendingClub Banking, and Main Street Bank, also in Boston. 

As the new CFO at Town & Country, Musgrove will be part of the credit union's strategic planning and operations, and involved in innovation and economic analysis.  

Jackson grew up in the Bangor area and is a veteran of the Coast Guard, where he was an electrician's mate.

Town & Country FCU
Michael Jackson

Jackson started at Town & Country while still in college and has more than 15 years with the credit union. He has worked in a variety of roles, with a focus on e-commerce, digital banking, project management, strategy and innovation.

In his new position, Jackson will be working with staff and members to develop innovative products, services and member experiences.

He received his master's in business innovation from GBSB Global Business School in Spain and a bachelor's in business administration from Columbia Southern University in Alabama. Jackson also has other certifications and certificates in innovation, strategy and artificial intelligence.

David Libby, president and CEO at Town & Country, called both individuals "great additions to our executive team whose knowledge, experiences, and backgrounds align with the credit union's strategic vision and solidifies our position as a leader in the financial services industry now and moving forward."

Town & Country is ranked No. 4 among the largest Maine-based credit unions in the 2023 Mainebiz Book of Lists. The rankings are based on total assets as of Sept. 30, 2022.

The credit union is headquartered in Scarborough and has branches in Portland, South Portland and Saco.

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