Southern Mass Credit Union announced that it has appointed Carmen F. Sylvester as the new president and CEO of the Fairhaven, Mass.-based institution.

Sylvester, who has served as vice president of finance at Centreville Bank in West Warwick, R.I., for the past five years, officially takes over her new post at the $205 million credit union on August 14.

Sylvester succeeds Daniel Waltz, who departed in the spring to become CEO of the $383 million City of Boston Credit Union.

According to its call reports, Southern Mass CU recorded net income of almost $71,000 last year, after posting about $364,000 in 2015.

Carmen F. Sylvester, Southern Mass CU
Carmen F. Sylvester, incoming CEO at Southern Mass CU

“We are delighted to welcome Ms. Sylvester to the Southern Mass Credit Union,” said David S. Darmofal, the chairman of the board of directors, in a statement. “After an extensive search, we have found the right person to lead us into the future and continue our proud tradition of providing exceptional service to our members and our community.”

Sylvester has more than 25 years in the financial services industry, including senior management positions for the Advanced Engineering Group P.C. in East Providence, R.I., the $468 million People’s Credit Union in Middletown, R.I., and Fleet National Bank in Providence, R.I.

Sylvester earned a B.S. degree in finance from Bryant University, Smithfield, R.I., and holds Human Resources Certification, including designations as Professional Human Resources and Certified Professional. She also studied at the Financial Management School at the University of Colorado and at Rockhurst University National Seminars.

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