CUES Names Charles E. Fagan III as New CEO

Veteran PSCU Executive to Succeed Retiring Fred Johnson

St. Petersburg, FL – (October 18, 2012) – The Credit Union Executives Society (CUES) Board of Directors is pleased to announce Charles E. Fagan, III as CUES new President and Chief Executive Officer, effective January 3, 2013. Fagan has most recently served as executive vice president of PSCU.  He takes over for the longtime celebrated leader of CUES, Fred Johnson, who retires December 31, 2012.  Johnson has led CUES for 23 of its 50 years.

“PSCU’s leadership position in the credit union industry is due in no small part to the dedication, excellence and professionalism of Chuck Fagan,” said Mike Kelly, PSCU’s CEO and President. “Chuck has been a driving force in every step of PSCU’s growth and evolution since he arrived here in 1997. CUES is gaining a passionate executive who fully understands the role and value of the CUSO to the ongoing health of credit unions.”

During his tenure with PSCU, Chuck led the company’s national sales and client relationship teams and helped pioneer PSCU’s role in bringing emerging payments technologies to its Member-Owner credit unions.

Lary B McCants CCD CCE, CUES Chairman and president/CEO of IBM Southeast Credit Union said, "CUES has been fortunate to have Fred Johnson’s leadership over the past 23 years. Fred not only had a profound impact on CUES but also the Credit Union movement. With his 24 years of experience in the credit union industry, Chuck will build upon Fred’s legacy and ensure CUES remains vibrant and relevant for current and future leaders. As CUES begins its next fifty years of service, we are excited to have Chuck taking the helm.”

“The privilege to lead the CUES organization in a time of great opportunity for credit unions is one that I honor and embrace,” said Fagan. “Tomorrow’s credit union decision makers face a very promising future for growth and prosperity. Consumer preferences are increasingly tilting toward the value proposition that credit unions offer. Credit union leaders will continue to benefit from the insights, education and thought leadership that CUES provides, particularly in a climate of continual change and innovation.”

About PSCU

Established in 1977, PSCU (St. Petersburg, Fla.) is the nation's leading credit union service organization (CUSO) and serves more than 1,500 financial institutions nationwide. As a non-profit cooperative, the company is owned by more than 680 member credit unions representing 16 million credit, debit, prepaid, online bill payment, mobile and electronic banking accounts. Comprehensive 24/7/365 member support is delivered through four Contact Centers located throughout the United States that handle more than 18 million inquiries a year. For more information, visit the PSCU website at www.pscu.com.

About CUES

The Credit Union Executives Society is a Madison, Wisconsin-based, independent, not-for-profit, international membership association for credit union executives. Its mission is to educate and develop credit union CEOs, directors and future leaders.