Southbridge Credit Union names interim CEO

Courtesy Kate Alexander, interim CEO, Southbridge Credit Union

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Southbridge Credit Union announced Tuesday evening it had promoted its chief sales and retail officer to CEO on a temporary basis, filling a position left vacant by a departing CEO.

Kate Alexander will serve as the credit union's CEO while it looks for a permanent replacement to Jeff Davenport, who left the company after nearly eight years. Davenport left to take a job with his previous employer, CUNA Mutual, which is headquartered in Wisconsin, according to the announcement from Southbridge.

Southbridge Credit Union has $175 million in assets under management, making it the 10th largest credit union in Central Massachusetts.

Alexander started with SCU in May, joining the executive team as chief sales and retail officer. Prior to that, she worked at Southbridge Savings Bank for 10 years, in various sales, training and marketing capacities before promoted to vice president. Prior to joining Southbridge Savings Bank, Alexander served as marketing manager at Staples and is a member of the Worcester Business Journal 40 Under Forty Class of 2011.

“Kate is not a traditional CEO candidate; however, we could not be happier to give her this opportunity,” said Dan Matte, chairman of the SCU board. “She brings boundless energy, vision and passion to the role that the SCU Board of Directors feel is right for the organization. Kate has a keen eye for strategy and culture and we are looking forward to continuing new projects she has implemented since joining SCU.”

CORRECTION: A previous version of this story incorrectly stated Alexander started working for Southbridge Credit Union 10 years ago. She started working there in May, having joined from Southbridge Savings Bank.