SOUTH BEND – Indiana’s largest credit union has promoted Gene Novello to executive vice president and chief operating officer (COO).
Novello will take over responsibility for the day-to-day operations and direction of the organization from current president Paul Marsh. This shift in duties will allow Marsh to take a more active leadership role locally, nationally and within the credit union industry.
“This was a strategic decision made as we evaluated how best to position ourselves for growth and success,” said Paul Marsh, president and CEO of TCU. “Over the years, Gene has become a trusted advisor among executive management and the board of directors. He is the ideal candidate to lead our organization into the future, and I am excited for the opportunities this will allow me as a leader as well.”
“I’m honored to have been chosen for this pivotal role at TCU,” said Novello. “For the past 85 years, TCU has committed to providing superior service to our members and communities, and I look forward to continuing that tradition of leading sustained growth and success.”
Novello joined TCU in 2009 as vice president and regional manager for the North West district and most recently served as senior vice president and chief lending officer. Prior to that, he served as president of TCU Insurance Agency. His extensive knowledge of the financial services industry spans more than 30 years. Prior to coming to TCU, he served as vice president, commercial banking with Peoples Bank and vice president, commercial banking with Horizon Bank before that.
“Gene is passionate about TCU’s involvement in our local communities and is committed to implementing new ways we can better serve our members,” Marsh continued. “These attributes, combined with Gene’s vast experience in the financial services industry, make him the ideal appointment to COO.”
Novello is active in his community serving as the current president for the Bass Lake Conservancy District and as a member of the board of directors for the Greater Valparaiso Chamber of Commerce. He received his finance degree from Ball State University.