Taunton Federal Credit Union CEO announces retirement, successor named

TAUNTON, MA (March 28, 2018) — John Damaso, CEO of Taunton Federal Credit Union (TFCU), has announced his plans to retire on July 6, 2018 after a career in banking that has spanned over 40 years.  Damaso has worked at the credit union since July 1993, and has been CEO since 2006.

Under Damaso’s leadership, TFCU has grown to more than $150 million in assets and currently serves 17,000 members. In 2013, Damaso oversaw the addition of the Credit Union’s second location in Middleboro.  In 2015, he was successful in expanding the field of membership for TFCU to include all of Bristol County, MA and the majority of the state of Rhode Island.  In 2017, he led the effort to open the Credit Union’s third location in New Bedford.

“It has truly been an honor to be part of the tremendous growth and prosperity of the Credit Union.”  Damaso said.

TFCU’s Board of Directors has appointed Nelson Tavares as his successor. Tavares has spent 17 years in the credit union industry, joining TFCU in 2012 as Assistant Vice President.  In 2014 he was promoted to Vice President, and is currently TFCU’s Senior Vice President.

Damaso says “the future of the Credit Union is in very good hands, as Nelson will continue to guide the Credit Union with continued success.”

John Damaso

Nelson Tavares

About Taunton Federal Credit Union

Established in 1947, and now serving over 18,000 members, TFCU is a full-service Financial Institution with branches in Taunton, New Bedford and Middleboro. In addition, TFCU participates in the CO-OP Shared Branch Network, which gives members access to more than 5,600 branches nationwide. For more information, please call (508)824-6466 or visit


Jason Gregory
Marketing Supervisor
Taunton Federal Credit Union
(508) 824-6466 ext. 464

More News