CEO of Hanscom Federal Credit Union in Massachusetts to retire

David S. Sprague, longtime president and CEO of Hanscom Federal Credit Union in Bedford, Massachusetts, is set to retire.

The $1.7 billion-asset credit union announced Friday that Sprague, who has led Hanscom FCU since 1996, will step down from his current roles in the beginning of January. Chief Operating Officer Jim Potter will become interim CEO until the credit union announces Sprague’s successor.

“We’re all so appreciative of how David has led our credit union for these last 25 years,” John A. Delcore, Hanscom FCU’s chairman, said in a press release. “He has led this organization through some good times as well as some challenging ones, and through them all, we’ve been able to grow and thrive thanks to his calm, clear-headed management style.”

In addition to his retirement, Sprague has been appointed to occupy a seat on the credit union’s board of directors and will begin the role at the start of February.

“It has been my pleasure to work on behalf of our members to build a credit union they can be proud of, one that serves their financial needs with a variety of outstanding products, services and programs,” Sprague said in the release. “Our search committee has done a terrific job evaluating internal and external candidates to lead the credit union. … I’m confident the credit union will be in good standing for years to come.”

Hanscom FCU has recruited the consulting firm D. Hilton Associates to aid its search for its next president and CEO.