Photo / Courtesy Acadia Federal Credit Union website
Joey Cannan
July 30, 2024
Acadia Federal Credit Union CEO plans to step down next year
After two decades as president and CEO of Fort Kent-based Acadia Federal Credit Union, David Desjardins will retire on July 1, 2025.
Joey Cannan, the current executive vice president who joined the organization in 2021, will succeed Desjardins next year, the credit union said.
Cannan will bring more than 25 years of banking and mortgage industry experience to the role at Acadia FCU. He previously held various management positions with Bangor Savings Bank, including senior vice president and director of operations.
He holds a bachelor’s degree in business administration from the New England School of Finance and a MBA from Husson University.
Desjardins' legacy
Desjardins began his career as a volunteer board director with Acadia in 1995 and was named president and CEO in 2004. Under Desjardins’ leadership, Acadia FCU navigated four mergers, three in the St. John Valley and one in Bangor.
Photo / Courtesy, Acadia Federal Credit Union
David Desjardins
When he took over in 2004, the credit union had roughly 4,000 members, one branch, 17 employees and $32 million in assets. Today, Acadia has over 16,000 members and eight locations, with a ninth in the works. There are 89 employees and the credit union's assets are over $363 million.
Acadia said Desjardins is also responsible its business lending program, among other initiatives.
“Dave has given us over 20 years of outstanding leadership,” said Mary McCarthy, chairperson of the Acadia FCU board of directors. “On behalf of the entire board, I thank Dave wholeheartedly for his passion and commitment to Acadia FCU and our members.
"Dave has led with determination and kindness, ensuring that the credit union never wavered from the commitment and mission to invest in our communities," she continued. "The legacy Dave leaves behind will forever serve as an example of the positive impact a credit union can have on the people of Maine.”
Desjardins also served as a past director of Tricorp Federal Credit Union. His leadership and contributions have been recognized with several accolades, including being named a 2013 Mainebiz Business Leader of the Year.
“Leading Acadia Federal Credit Union as its president and CEO for the past two decades has been an honor,” said Desjardins. “I am always mindful of the financial impact Acadia has on our members, staff, and the communities we serve.
"Every decision I made was aimed at ensuring the long-term success of the organization," he continued. "I am extremely proud of our collective achievements and deeply grateful for the unwavering support of our members, staff and board of directors. Looking ahead, I am confident that Acadia FCU will continue to thrive and grow.”
Acadia Federal Credit Union has eight offices throughout Maine and serves Aroostook, Penobscot, Hancock, Washington and Piscataquis counties. A ninth office is planned in Presque Isle.
Acadia has $323 million in assets and was ranked No. 13 among the largest Maine-based credit unions in the 2024 Mainebiz Book of Lists, based on assets as of Sept. 30, 2023.
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