Teachers Credit Union announces leadership transition

Paul Marsh to step down; Waylon Peterson named interim president & CEO

SOUTH BEND, IN (March 23, 2021)

Teachers Credit Union (TCU) announced today that after three decades of service, Paul Marsh has stepped down as president & CEO. The board of directors has named Waylon Peterson, current president of TCU Wealth Management, to serve as the new interim president & CEO.

“We thank Paul for his work and contributions over the last decade as CEO and wish him well as he pursues the next chapter of his career,” said Dr. Vincent Henderson, chairman of the TCU board of directors. “The board is pleased to welcome Waylon as our new interim president & CEO. During his time at TCU, Waylon has exemplified servant leadership and been a key player in TCU’s significant growth in the Midwest.”

Peterson steps into the interim leadership role after leading the TCU Wealth Management team for the past 21 years. In that time, the Wealth Management team has grown to one of the largest credit union programs in the nation, with more than $1 billion of assets under management.

“Over the past 90 years, TCU has grown because of the tireless devotion of every team member to serve our members and our communities. We will remain steadfast in those efforts as we create new – and deepen existing—relationships. I am excited to be TCU’s interim leader and know with the support and dedication of all our team members, we will continue to be the best credit union in the Midwest,” said Waylon Peterson, TCU interim president & CEO.

Henderson stated the elevation of Peterson as TCU’s interim president & CEO will ensure a seamless leadership transition both internally and with our members. Additionally, the board of directors has launched a national search to identify the next permanent president & CEO of the credit union.

About Teachers Credit Union

Teachers Credit Union (TCU) is Indiana’s largest Credit Union with more than $4 billion in assets, 57 branches throughout Indiana and southwestern Michigan, and more than 306,000 members. TCU offers traditional financial services including checking, savings, mortgages, and credit cards, as well as non-traditional services such as investments and insurance. Since its founding in 1931, TCU has focused on making a positive impact on its members and the community. For more information about TCU, visit


Jeremy Riffle,

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