Maine State Credit Union Appoints Neal Blake as Chief Financial Officer to Drive Future Growth

Rockland, ME — October 16, 2024 — Maine State Credit Union is excited to announce the appointment of Neal Blake as Senior Vice President and Chief Financial Officer (CFO). Blake brings a wealth of experience from prominent financial institutions across the Northeast and will lead the credit union's financial strategy to support its statewide expansion. He will work with President and CEO Stephen Wallace and other leaders to continue enhancing the financial management and strategic operations of Maine State Credit Union.

"We are excited to welcome Neal to our team during this exciting period of growth," said Wallace. "His expertise in navigating the complex regulatory landscape of financial services, along with his innovative approach to financial management, makes him the perfect fit as we continue to expand our reach and services across Maine."

Blake joins the team from his prior role as Director of Financial Planning and Analysis at Republic Bank in Pennsylvania. His deep understanding of financial compliance, risk management, and strategic financial planning will help Maine State Credit Union's ability to meet evolving industry standards while delivering exceptional value to its members.

Blake will work closely with Senior Vice President and Controller, Jason Hilt, to drive financial efficiencies and enhance the organization's operational processes. Hilt’s leadership will continue to play a critical role in ensuring that the credit union remains a stable and reliable financial resource for all Mainers.

"Maine State Credit Union is a model of consistent growth and community focus," said Blake. "I'm excited to contribute to its success and work with a team that prioritizes both financial innovation and service to its members. I look forward to bringing new ideas to the table as we continue to grow."

Blake began his career in financial services at Camden National Bank, followed by leadership roles at Bar Harbor Bank & Trust. Before working for financial institutions, he spent five years in public accounting in the Washington, DC metro area. His experience positions him well to manage the challenges and opportunities of leading one of Maine's most respected financial institutions.

A resident of Rockport, ME, Blake is actively involved in the community and enjoys spending time with his family. He holds a Master of Science from Johns Hopkins University and a Bachelor of Business Administration from West Virginia University.

About Maine State Credit Union

Maine State Credit Union is one of the largest credit unions in Maine, with over $690 million in assets. Headquartered in Augusta, Maine with locations in Augusta, Gray, Rockland and Waterville, it employs over 130 Mainers has been on the list of Best Places to Work in Maine for the past thirteen years and has been recognized by Forbes as one of the best credit unions in Maine for the past three years. Founded in 1935 to give members a place to take out a loan, now offers a range of products from personal checking and savings to commercial banking. Maine State CU has over 35,000 members and is open to all Mainers in Androscoggin, Cumberland, Kennebec, Knox, Lincoln, Somerset, Sagadahoc, and Waldo counties. Learn more at MaineStateCU.org.