Lajoie will serve as president/CEO of Somerset Federal Credit Union

Lajoie will serve as president/CEO of Somerset Federal Credit Union

CUMBERLAND – The Somerset Federal Credit Union has announced that Pamela Mello will retire as president and CEO effective Jan. 15, and Joseph Lajoie, currently executive vice president and chief financial officer at Greenwood Credit Union in Warwick, will fill the role. Lajoie, of Cumberland, joins the SFCU with over 20 years of experience in banking and finance, with most of his career at credit unions, states a press release. He has been with Greenwood Credit Union since 2007, where he started as senior vice president/chief financial officer and was promoted in 2017 to executive vice president and chief financial officer, overseeing the finance, IT, loan and deposit operations departments.

Lajoie previously served as assistant vice president/controller at Navigant Credit Union in Smithfield, where he oversaw the day-to-day operations of the accounting department. He is a 1994 summa cum laude graduate of Johnson and Wales University in Providence, where he received a bachelor of science in accounting degree. He has also achieved the certified chief executive officer designation from the Credit Union Executive Society.

“This is an exciting opportunity for me to lead a long-standing institution with a reputation for providing exemplary service to its members,” Lajoie said. “With the support of SFCU’s members, employees and Board of Directors, I look forward to building on Pamela’s success with introducing innovative products and leading the Credit Union to even higher achievements in providing banking solutions to our members.”