Allegacy Federal Credit Union in Winston-Salem, N.C., is playing the long game with CEO succession.
The $2.2 billion-asset credit union said in a press release that Nathanael Tarwasokono will succeed Cathy Pace as president and CEO when she retires on Jan. 1, 2025.
Tarwasokno, who will join the credit union on Feb. 15, was selected following a search conducted by DDJ Myers. He has been the president and CEO of Firstmark Credit Union in San Antonio for the past eight years.
“We’re excited to welcome Nathanael to Allegacy,” Lisa Marshall, Allegacy’s chairman, said in the release. “His proven experience as a credit union CEO and ability to focus on forward-looking strategies, along with his personal desire to be rooted in North Carolina make him the best fit as we plan for our cooperative’s purpose-filled future.”