LOS ALAMOS, N.M. –Zia Credit Union has named a new CEO. The $145-million ZCU said it has selected Dwayne Herrera to lead the organization and replace David Woodruff, who left Zia to become CEO at APL Federal Credit Union in Laurel, Md., in March of this year.
Herrera has more than 35 years of experience in the financial services industry, most recently as executive vice president at State Employees Credit Union, which he joined in 2003. Previously, he held strategic roles in investment services, branch administration and corporate development with Del Norte Credit Union.
“We’re delighted to bring Dwayne aboard the Zia Credit Union team,” said Board Chair Lawrence Gutierrez. “His values embody our values, and his diverse experience will help us accelerate our growth in helping northern New Mexico families.”
In a statement, the credit union said the fact Herrera’s background with two larger credit unions based in Santa Fe, each with excess of $600 million in assets, means he now leads a smaller but growing institution in northern New Mexico. The credit union said as of June 2019, year-to-year loan growth rose 5.62%. The credit union has 11,522 members.
“I am excited about the opportunity to work with a high-performing team that is so well established in Los Alamos and Española,” Herrera said. “What Zia Credit Union has to offer is unbeatable, in my opinion. A small credit union doing big things – that’s what attracted me here. We are northern New Mexico, and we’ve only just begun!”
Paul Johnson, who has served as interim CEO, will continue in his role as CFO.