Banking

Search begins for New Hampshire Federal Credit Union’s next CEO

John Young plans to retire as president and CEO of New Hampshire Federal Credit Union at the end of 2021.

The credit union said it has hired Humanidei + O’Rourke to assist with the search for Young’s replacement.

Young has spent more than 35 years at the Concord, N.H.-based institution, and has been president and CEO for the last 27 of those years. During his time with the credit union, Young oversaw its growth from $60 million of assets to nearly $315 million.

He championed financial education and financial wellness for both the institution’s members and the surrounding New Hampshire communities, the credit union said in a press release Friday.

“John Young is a champion for building a better world through credit unions,” said Ron McLean, president and CEO of the Cooperative Credit Union Association, which serves CUs in Delaware, Massachusetts, New Hampshire and Rhode Island. “His passion for financial literacy, providing his members with the best financial services possible and leadership to the New Hampshire credit union community are hallmarks of a remarkable and inspiring career. He has been fiercely committed to many charities in the community, especially to Make-A-Wish New Hampshire, where he served on their board representing the New Hampshire credit unions for many years.”

New Hampshire FCU earned $813,000 in 2020, compared with $933,000 the year before, according to call report data from the National Credit Union Administration.



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