MIT FCU Names Fales Interim CEO as Ducharme Retires

Nancy Fales


Nancy Fales has been named interim CEO of MIT FCU, replacing Brian Ducharme, who has retired after leading the credit union for 18 years.

Fales, currently serving as SVP Lending, has 30 years’ experience with the credit union and during her career has “led almost all of MIT FCU’s key operational areas – credit and collections, lending, operations, and member services as well as being the backup to the CEO in his absence,” MIT FCU said in a statement on its website.

“Under Nancy’s leadership, and with the full support of the board of directors, senior executive team, management team and staff, we expect it will be ‘business as always’ at the credit union,” MIT FCU added.

During his career Ducharme oversaw growth during his career to $571 million in assets from $93 million, and to 37,000 members from 13,000.

Ducharme was also active as a member of EasCorp’s supervisory committee, and the legislative committees of the Cooperative Credit Union Association and NAFCU. He was elected to the board of directors of CU Student Choice in 2012 and was appointed chair in 2014.