TCU Launches Search for Next CEO

Teachers Credit Union corporate HQ in South Bend (photo courtesy of Matt Cashore)

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The president and chief executive officer of South Bend-based Teachers Credit Union has stepped down and the financial institution has launched a nationwide search for his replacement. TCU says Paul Marsh has left the post after working for the company for more than 30 years, 10 of those as CEO.

The credit union has named Waylon Peterson as interim president and CEO.  Peterson currently serves as president of TCU Wealth Management.

“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 has led TCU Wealth Management team for 21 years.

TCU has more than $4 billion in assets and operates nearly 60 branches throughout Indiana and southwest Michigan.