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CUES Announces Charles E. Fagan, III, as New CEO

The CUES Board of Directors is pleased to announce Charles E. “Chuck” Fagan, III, as CUES’ new president/CEO, effective Jan. 3, 2013. Fagan has most recently served as executive vice president of PSCU, St. Petersburg, Fla.

He takes over for Fred Johnson, CUES’ long-time leader, who retires Dec. 31, 2012. Johnson has led CUES for 23 of its 50 years.

“CUES has been fortunate to have Fred Johnson’s leadership over the past 23 years,” says CUES Chairman Lary B. McCants, CCD, CCE, president/CEO of IBM Southeast Employees’ Federal Credit Union. “Fred not only had a profound impact on CUES but also the credit union movement. With his 24 years of experience in the credit union industry, Chuck will build upon Fred’s legacy and ensure CUES remains vibrant and relevant for current and future leaders. As CUES begins its next 50 years of service, we are excited to have Chuck taking the helm.”

“The privilege to lead the CUES organization in a time of great opportunity for credit unions is one that I honor and embrace,” says Fagan. “Tomorrow’s credit union decision makers face a very promising future for growth and prosperity. Consumer preferences are increasingly tilting toward the value proposition that credit unions offer. Credit union leaders will continue to benefit from the insights, education and thought leadership that CUES provides, particularly in a climate of continual change and innovation.”

Fagan, a CUES member, led PSCU’s national sales and client relationship teams and helped pioneer the company’s role in bringing emerging payments technologies to its member-owner credit unions. Earlier, he served as account manager at Electronic Data Systems and as manager of card services at $2.3 billion Virginia Credit Union, Richmond, Va.

He earned a BSBA in finance from Longwood University in Farmville, Va.

CUES partnered with the JMFA Executive Search Group, Baytown, Texas, to conduct a nationwide search of executives in the industry.

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