ALBUQUERQUE, N.M. – U.S. New Mexico FCU, the state’s oldest credit union, on Friday announced that Marsha Majors, its vice president and chief operating officer, has been promoted to president and CEO of the $740-million credit union.

Majors will succeed James Raquet, who is retiring after more than 10 years at the helm.

Majors has 27 years of credit union experience. She started at the New Mexico credit union as a retirement account administrator, then went on to serve in progressive management positions, most recently executive vice president.


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