Larry Coverstone Retires from R.I.A. Federal Credit Union
Tuesday, May 8, 2018
BETTENDORF, IA (May 8, 2018) — After 41 years of service Larry Coverstone has retired from R.I.A. Federal Credit Union. Larry began his credit union career in 1977 as a collections manager and later became R.I.A.’s first Vice President and Chief Financial Officer. Larry took over the President/CEO role in 2000 and has served in that capacity ever since.
"The credit union has been a great employer for me and my family during my tenure. It has been a privilege to lead such a fine organization and staff that brings value to the membership and communities we serve," Coverstone said.
During Larry’s tenure the Credit Union opened three new branches, increased membership by 8,000 members, and assets increased by $256,000,000. The Board and Staff at R.I.A. FCU will miss Larry and wish him the best in his retirement.
Jim Watts has been appointed the new President/CEO of R.I.A. Federal Credit Union.
When asked about his new position, Mr. Watts stated, “I am happy to have been offered such a fantastic opportunity at R.I.A. Federal Credit Union and I am very much looking forward to joining the organization.”
About R.I.A. Federal Credit Union
R.I.A. Federal Credit Union, founded in September of 1935, serves over 42,000 service members, federal employees, and community members residing in parts of Illinois, Iowa, and Wisconsin. With nearly $400 million in assets, R.I.A. is a progressive, member-owned cooperative whose purpose is to satisfy the financial needs of its members by providing high-quality products and services. R.I.A. prides itself on furnishing members with exceptional financial services such as a $500,000 savings protection plan, the highest federal / private share savings insurance available. Additionally, R.I.A. regularly offers incentives and reward programs for members. Community involvement is paramount at R.I.A., demonstrated by their 80+ years of service. During this time, R.I.A. has raised money, donated time, and sponsored various events for Veterans Honor Flights to Washington, DC, local food banks, the American Heart Association, the Children’s Miracle Network, and many local institutions. R.I.A. Federal Credit Union is open to the communities we serve. ‘Come Along with Us.’