The board of directors of Service Credit Union (SCU) in Portsmouth appointed David Araujo as president and CEO. According to a statement from SCU, Araujo will assume day-to-day leadership of the credit union in late January 2019. He brings more than 20 years of financial services experience to the credit union, recently having served as senior VP and chief technology and innovation officer at Digital Federal Credit Union in Massachusetts.
"The Board is confident David is the right person to build on the credit union's momentum," says Joanne Whiting, SCU board chair. "He is a seasoned leader with significant experience working with credit unions implementing innovation and delivering value to members. We are lucky to have him as our next CEO."
Araujo says he is excited to assume this role. "We have an exceptionally talented team at Service Credit Union that is focused on taking decisive actions to transform the business, continuing to innovate our products in new and diverse ways, and unlocking future growth opportunities."
According to the statement, Araujo is a U.S. Marine Corps veteran who served on the Presidential Honor Guard. He has been active in various industry committees and boards, including Fiserv's CEO and CIO Advisory Boards, the Mobile Payments Technology Committee, NCR/Digital Insight's Advisory Board, CULedger Leadership Steering Committee, and the finance committee for the Town of Hopedale, Massachusetts.