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Service Credit Union Appoints David Araujo CEO and President

Monday, December 17, 2018  
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Araujo Brings a Proven Record Innovating Credit Unions

Portsmouth, NH (December 17, 2018) - Service Credit Union (SCU) today announced the credit union’s Board of Directors has appointed David Araujo as President and Chief Executive Officer. He will assume day-to-day leadership of the credit union. Araujo brings more than 20 years of financial services experience to the credit union. Recently he served as the Senior Vice President and Chief Technology and Innovation Officer at Digital Federal Credit Union (DCU) in Massachusetts, where he led the development of DCU’s digital transformation.

Araujo brings a rare combination of business acumen and technological expertise. Having run the operations at DCU, he has a passion for building and sustaining organizational culture focused on delivering an outstanding member experience.

“The Board is confident David is the right person to build on the credit union’s momentum,” said 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.”

“I am incredibly excited to assume this new role and for the future of the credit union,” said Araujo. “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.”

Araujo will be joining the credit union by late January 2019. He 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 Town of Hopedale’s Finance Committee.

About Service Credit Union
As a dynamic, member-owned, not-for-profit financial cooperative, Service Credit Union is dedicated to offering quality financial services and products. In 1957, the credit union was established to provide affordable credit to the Pease Air Force Base community. Now the largest credit union in New Hampshire, with over $3.4 billion in assets and 50 branch locations in New Hampshire, Massachusetts, North Dakota and Germany, we continue to serve our communities and provide a better future to our members. For more information, visit https://scu.com or call toll free 1-800-936-7730 in the U.S. and 00800-4728-2000 internationally. Follow us on Twitter at @ServiceCU, Instagram at @ServiceCreditUnion and Facebook at facebook.com/ServiceCreditUnion


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