The Board of Directors of Partner Colorado Credit Union today announced the appointment of the credit union’s Chief Financial Officer, Doug Fagan, as President, effective immediately. Sundie Seefried will remain as Chief Executive Officer.
“The demands of the CEO have expanded with the growth of the credit union’s cannabis banking division, Safe Harbor Private Banking,” said Board Chair, Linda Head. “Appointing a new President, who will assume some of the operational duties, will free up our CEO’s time to educate financial institutions nationwide and work with regulators and legislators. We are fortunate to have Doug step into this role as our President.”
As a seasoned executive with 32 years of credit union industry experience, Fagan has been Partner Colorado’s Chief Financial Officer since September 2017. As President and Chief Financial Officer, he will oversee IT, Accounting, Lending, Collections and other day-to-day functions. “Doug brings a rare combination of financial and operational expertise,” said Partner Colorado CEO, Sundie Seefried. “He has revamped the indirect lending program, which has increased profitability significantly and implemented centralized lending to increase efficiencies and reduce workload at the branches. He has also successfully managed the challenges that come with our unique cannabis banking program.”
Prior to his appointment as CFO at Partner Colorado, Fagan worked with institutions ranging from $150 million to $2.6 billion in assets. Fagan spent ten years with Bay Gulf Credit Union, headquartered in Tampa, Florida, as their Accounting Department Manager and ultimately as Vice President of Finance. When Bay Gulf Credit Union and MIDFLORIDA merged, Fagan became Senior Vice President of Finance at MIDFLORIDA Credit Union. Prior to his service with MIDFLORIDA and Bay Gulf Credit Union, Fagan served as Senior Accountant with Grow Financial FCU. Fagan has a Bachelor of Science in Accounting and Finance from Florida Southern College and he holds a Masters of Business Administration with an Accounting concentration from the University of Tampa.
“I am incredibly excited to assume this new role and for the future of the credit union,” said Fagan. “We have an exceptionally talented team at Partner Colorado that is focused on continuing to innovate our products in new and diverse ways for our membership, and unlocking future growth opportunities.”