New leader for Maine Credit Union League named
Todd Mason is the new president and CEO of the Maine Credit Union League. He replaces longtime President and CEO John Murphy, who earlier had announced his plans to retire in June.
The Maine Credit Union League has its first new president and CEO in a quarter century.
Todd Mason was named to the post, taking over from long-time leader John Murphy, the boards of the trade organization and Synergent said Wednesday.
Murphy, who will turn 62 in May, announced last year he planned to retire in June. He spent 44 years with the organization and its affiliate, Synergent, including 25 years as president and CEO.
Mason is chief strategy officer for RouteOne, a Farmington Hills, Mich., company that provides technology for automotive lending. He also spent 19 years with the Michigan Credit Union League and Affiliates.
“We believe [Mason] is very much aligned with our values, culture and shared vision for our organization,” Rick Lachance, chairman of the boards of the Maine Credit Union League and Synergent, said in the announcement. “His extensive leadership experience, with both a technology organization and working with innovative credit union trade association services, allows Todd to bring unique skills to our organizations. Our boards look forward to the innovation and service commitment that he will bring to the credit unions we serve.”
Mason was chosen after a six-month national search conducted by O’Rourke & Associates and the league’s search committee. He will start April 24.
Mason said he plans to build on the momentum credit unions have generated and the work of his predecessor, Murphy.
“My vision is to build on that, and help credit unions be at the right place, at the right time with the right services, wherever member financial decisions are made. As a result, my focus will be on delivery of innovative technologies to help credit unions serve their members as well as excellence in advocacy, strong governmental affairs, and providing timely education and information,” Mason said.
The Maine Credit Union League, founded in 1938, represents 58 credit unions. Synergent, a service provider for the credit unions, is a subsidiary of the trade group. It provides tech services and shared services like statement processing, debit/ATM card services, check processing and direct marketing. Of Maine’s 196 credit unions, 174 have what’s known as shared branching, where “you can go into any of the 174 locations and conduct business like it’s your own,” said Murphy.
“In effect, it’s like having the state’s largest branch network,” Murphy told Mainebiz.
The two entities have 163 employees, with 10 at the association and the balance with Synergent.
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