Allegacy FCU selects Nathanael Tarwasokono as next President & CEO
WINSTON-SALEM, NC (December 20, 2023) — Allegacy Federal Credit Union’s Board of Directors has selected Nathanael Tarwasokono as its next President/CEO after a comprehensive search process. He was placed by DDJ Myers, the well-known leadership development firm that offers a broad range of solutions to help clients optimize their greatest assets – their people.
Allegacy’s current President/CEO, Cathy Pace, will retire on January 1, 2025, after serving the cooperative for more than 45 years. Pace and Tarwasokono, who will officially join Allegacy on February 15, 2024, will be working together closely to ensure a smooth transition over the coming months.
“We’re excited to welcome Nathanael to Allegacy,” says Lisa Marshall, Board Chair. “His proven experience as a credit union CEO and ability to focus on forward-looking strategies, along with his personal desire to be rooted in North Carolina make him the best fit as we plan for our cooperative’s purpose-filled future.”
Tarwasokono is a seasoned executive with more than 20 years of experience in financial services. Over the last eight years, he has served as President/CEO of the $1B+ Firstmark Credit Union in San Antonio, TX. Previously, he served for nearly eight years as President/CEO of Pima Federal Credit Union, the 3rd largest credit union in southern Arizona.
“I’m thrilled to be coming home to North Carolina and I’m humbled to be joining such a wonderful, well-respected credit union,” says Tarwasokono. “Allegacy has a dedicated board and leadership team, a great culture, and strong financials. Succeeding a visionary CEO like Cathy Pace is truly an honor, and I’m excited to continue her legacy of ‘doing the right thing’ for our members and communities.”
Tarwasokono has a Bachelor of Science in Accounting and Business Management. He is a Certified Public Accountant (CPA) and a Chartered Global Management Accountant (CGMA). He has a long history of community and industry involvement, including serving on both local and national boards.
“I thoroughly enjoyed working with the team at DDJ Myers,” says Tarwasokono. “I appreciated Deedee’s honest communication and her commitment to learning about me and ensuring I was the best fit for Allegacy.”
Tarwasokono is married and has two boys. His wife grew up in North Carolina and is looking forward to returning home. In his spare time, he enjoys building Legos, a favorite childhood activity he rediscovered as an adult.
About Allegacy Federal Credit Union
For 57 years, Allegacy Federal Credit Union has helped its members, employees, and the communities it serves be their best by helping all make smart financial decisions. Allegacy is one of the largest credit unions in North Carolina, serving more than 173,000 members worldwide with $2.2 billion in assets and more than $1.5 billion in assets under management in Allegacy Investment Group, offered through CUSO Financial Services, LP. With roots in Winston-Salem, Allegacy has 19 locations across the Triad and Charlotte areas, and nine high school student-run credit unions. Allegacy offers personal and business financial services to its members, including the employees, retirees, and families of more than 5,000 companies throughout the country. To learn more, visit Allegacy.org.
About DDJ Myers, An ALM First Company
DDJ Myers specializes in leadership success through executive recruitment, strategic organization, and board development for financial institutions. In addition, they offer a broad range of online assessments to help companies optimize their greatest assets – their people. DDJ Myers joined forces with ALM First, a strategic partner that offers depositories an array of financial advisory services, in 2022 to provide expanded educational opportunities and solutions to help clients optimize both people and financial performance. Learn more at
www.ddjmyers.com or visit our parent company
www.almfirst.com.
