Marlborough, MA (May 13, 2026) |
St. Mary’s Credit Union (SMCU) today announced a leadership transition, with Jim Petkewich named President and Chief Executive Officer, effective immediately.
Petkewich succeeds Grace Lee, who will depart the organization effective July 1, 2026, and will support the completion of the previously announced merger with MetroWest Community Federal Credit Union in the interim.
Petkewich brings more than 20 years of experience with SMCU, most recently serving as EVP and Chief Operating Officer. He previously served as Interim CEO and has led virtually every area of the credit union, providing deep operational knowledge and a strong understanding of the organization’s strategy and member-focused mission.
“Jim is the right leader for this moment,” said Brian Bouvier, newly elected Chairman of the Board of Directors. “He brings deep institutional knowledge, a steady and thoughtful leadership style, and a genuine commitment to our employees and members. The Board has full confidence in his ability to lead St. Mary’s Credit Union as we continue to build on our strong foundation and navigate this next chapter.”
“I am honored to step into the role of President and CEO of St. Mary’s Credit Union,” said Petkewich. “This organization means so much to me—not just because of the work we do, but because of the people who make it possible every day. I deeply believe in our mission and the impact we have on our members and the communities we serve. I look forward to leading the team as we continue to focus on delivering exceptional service.”
The Board also expressed its appreciation for Lee’s leadership and contributions to the organization.
“We thank Grace for her leadership and for the contributions she made to St. Mary’s Credit Union,” said Bouvier. “We wish her success in her next chapter.”
SMCU confirmed that no immediate changes to operations or strategic direction are anticipated, and that key initiatives currently underway, including the merger process, will continue as planned.
“Our mission, strategy, and commitment to our members remain unchanged,” Bouvier added. “We are focused on maintaining momentum, supporting our team, and continuing to deliver the high level of service our members expect.”
Governance Transition
Bouvier was elected Chairman of the Board of Directors at the April 27 Annual Meeting, marking a thoughtful leadership transition as the organization continues to build on its strong foundation and enter its next chapter of growth and evolution.
Bouvier has served on the SMCU Board of Directors since 2013 and brings more than a decade of governance experience with the credit union, along with a strong background in business leadership, financial services, and community engagement.
He currently serves as President of Bouvier Pharmacy & Home Medical Solutions, a provider of pharmacy solutions and medical equipment services supporting customers and caregivers across Central and Eastern Massachusetts. Prior to joining the family business, Bouvier served as Vice President at Fidelity Investments across sales, product development, and relationship management.
Bouvier earned his bachelor’s degree in economics and finance, magna cum laude, from the Whittemore School of Business at the University of New Hampshire. He has served on the Marlborough Economic Development Corporation Board of Directors for more than a decade and currently serves on its executive committee. His previous board service includes the Board of Trustees for UMass Memorial – Marlborough Hospital.
Bouvier resides in Grafton with his wife, Brooke, and their two daughters. He is active in the community, coaching high school girls’ lacrosse and participating in skiing and triathlons.
“I am honored to step into the role of Chairman and to continue serving an organization that has such a meaningful impact on its members and communities,” said Bouvier. “St. Mary’s Credit Union has a strong legacy built on trust, service, and financial empowerment. As we look ahead, I am committed to working alongside the Board and leadership team to ensure we remain focused on stability, thoughtful growth, and delivering long-term value to our members while embracing the opportunities ahead.”
Honoring a Legacy of Leadership
SMCU also expressed its gratitude to Gerard P. Richer, immediate past Chairman of the Board, for his extraordinary leadership and service. After 31 years as Chairman, Richer is passing the torch
while continuing his service on the Board, building on 46 years of dedication to the credit union and its communities.
Throughout his tenure, Richer provided steady guidance, strategic vision, and an unwavering commitment to the credit union’s mission and members, helping position SMCU as a trusted, community-focused financial institution with a strong and resilient foundation.
“It has been the honor of a lifetime to serve as Chairman of St. Mary’s Credit Union,” said Richer. “Over the past three decades, I’ve had the privilege of working alongside an incredible Board and leadership team dedicated to doing what is right for our members. I have full confidence in Brian’s leadership and in the continued strength and direction of the credit union. The future is bright, and I am proud to pass the gavel knowing SMCU is well-positioned for continued success.”