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Northeast Community Credit Union CEO Teresa Arnold to retire, David LeVeau named successor

                                                  Retirement Announcement                     

The Board of Directors of Northeast Community Credit Union announces the upcoming retirement of current President/CEO Teresa Colbaugh Arnold, and the promotion of her successor, David LeVeau.

Arnold was promoted from Chief Financial Officer to President/Chief Executive Officer in 2016 following the retirement of long-time NCCU CEO Kathy Campbell.  Arnold previously served Northeast Community Credit Union as CFO for 25 years. Teresa is married to Patton Arnold; they have a daughter, son, and two grandchildren.

During her tenure as President, Arnold has witnessed tremendous growth at the Credit Union. She helped provide strong leadership during challenging times including a pandemic and natural disaster. “Our financial strength is rated among the highest in the entire nation and our Credit Union was well equipped to handle those events.  NCCU is rock solid and strong as ever”.

Ms. Arnold credits “a wise and compassionate Board of Directors, dedicated staff, loyal members, and the grace of God” for the Credit Union’s success, award-winning service levels, and position of prominence in the communities it serves. “Our Elizabethton, Johnson City, and Roan Mountain offices are staffed with employees committed to helping individuals and families meet or exceed their financial goals”, says Arnold.  “Relationships developed with members, coworkers, and others throughout the area and beyond are precious to me. I have also enjoyed being involved in our local schools to help educate young people and start them on sensible money paths. Our school branches are doing an awesome job in that regard”.  The Credit Union has student-run branches in every Carter County high school as well as at Elizabethton High School.  “I’ve seen many changes in financial services over the past four decades.  While Northeast Community Credit Union remains at the forefront with technology and services for our members, our Credit Union priorities are unchanged:  Help members, support communities, and provide financial education.  I’ve been blessed to work at a job I love doing”.

Arnold first submitted notice to the Board nearly a year ago, saying after 40 enjoyable years of working in the Credit Union movement, she would like to retire in 2025. “I want time for additional traveling with my husband and for making more great memories with our family and grandchildren”.

David LeVeau, incoming President/CEO, is a familiar face in the area. He actively serves in numerous community organizations and has held executive positions at several local community banks. His diverse experience of nearly 25 years in the financial industry and his previous career as an owner and operator in the restaurant industry has prepared him well to serve as Credit Union CEO.  “I would like to thank the NCCU Board of Directors for this honor to become the next CEO of NCCU and entrusting me with the opportunity to serve our members.  I would also like to thank my Lord and Savior, Jesus Christ, for this blessing and position of leadership and service in our community.”

LeVeau has worked at Northeast Community Credit Union for nearly two years while developing and implementing a successful commercial lending program, and says the Credit Union’s focus on serving the community resonates strongly with him.

“I’ve always been hands-on in my work, regardless of the job or location – as a restaurant owner and manager in my initial career path, to community bank executive over the last couple of decades.  I have a passion to serve our community and deliver exactly what our members desire and need.  The Credit Union movement is all about ‘People Serving People’ and I will work hard to fulfill that mission striving to exceed our members’ expectations”.

Mr. LeVeau has been involved with many community groups and non-profits over the years and has served as President of the Elizabethton/Carter County Chamber of Commerce, Vice Chair and Treasurer of our local Boys & Girls Club, Secretary for the county’s Joint Economic Community Development Board, former President of the Elizabethton Soccer Association, and a past President and current Board Member of the Elizabethton Kiwanis Club. LeVeau has also coached his children in several sports teams as they grew up.  “I have a passion for helping people, particularly families, kids, and the underserved in the community and being involved in these non-profit organizations is a way of giving back.  I see this opportunity as a personal ministry to serve others.  Northeast Community Credit Union has nearly 13,000 members and our team is looking to serve more every day.  I see many opportunities for our Credit Union to help folks and I am looking forward to being a bigger part of that in carrying out my duties as NCCU President/CEO.  I encourage people to come see our NCCU team at our four branch locations or online and learn what we can do for you”.

Arnold stated, “I am very confident our Board of Directors has made a wise choice in David LeVeau for this job.  It is clear he is a man of integrity, and he has shown phenomenal leadership skills in the community and during the time he has been with us.  I anticipate a very bright future for our Credit Union with him at the helm and I’m excited to see what he has in store for our members and community”.  LeVeau has a Bachelor’s degree in Business Administration from University of North Carolina, a Master’s degree in Accountancy from East Tennessee State University, and graduated from the top of his class at the LSU Graduate School of Banking in 2019.  He has studied other industry-specific curriculums with additional financial certifications as well. LeVeau and his wife, Anette, live in Elizabethton and enjoy time with their children and grandchildren.  He and his family are members of Valley Forge FWB Church.

Flood Update 10.01.24

IMPORTANT INFORMATION

October 1, 2024

To Our Northeast Community Credit Union Members:

 

Friends, you are on our hearts and minds.  Please know that our thoughts and prayers are with you and your families and our community during this time.  If there is anything our credit union can do to help, please call us.  Our Board, management and staff all are anxious to do whatever we can to help our members through this. We have temporarily extended our Saturday drive-through hours at our Roan Mountain branch and at our main office behind Elizabethton High School, open until 2:00 pm on Saturdays to serve you.

Due to flooding at our 19E branch location, the office at 1321 Highway 19E in Elizabethton will be closed until further notice.  If you have a safe deposit box rented at that location, please call 547-1200 or come to our main office at 980 Jason Witten Way (directly behind Elizabethton High School) to make an appointment for retrieving your box contents from the building that was flooded as soon as possible.

We are looking at all available options to continue providing credit union services for our members using that branch. We’re in the process of making arrangements and we hope to provide you with service on as soon as possible.

Our credit union’s main office behind Elizabethton High School is fully staffed and is here to serve you, as is our branch office at 8301 Highway 19E in Roan Mountain and our Johnson City branch office at 313 W. Oakland Ave. All three locations are open 8:30 until 4:30 Monday-Thursday and 8:30 until 5 pm om Friday.  All drive-through windows are open 8 am until 4:30 Monday-Thursday, 8:00-5 pm on Friday, and 9 am until noon on Saturdays (see above regarding temporary extended hours).  As always, any member unable to come inside our offices can call our main phone (547-1200) & a staff member will personally come to serve you in our parking lots.

On a positive note, we have a certificate account special running for a very limited time paying 5.00% APY for 6 months and 4.75% for 1 year. These are GREAT rates in the current economy and with market rates going down, now is the time to lock in while you can!  A few conditions apply – please call us for more information if interested.

Your credit union is stronger than ever and remains ranked in the top 2% in the nation. Our capital far exceeds our peers and overwhelmingly exceeds regulatory requirements; our member products and services continue to win awards throughout the industry; there is no friendlier or more convenient place to do your financial business.

We desire your continued loyalty as we faithfully serve you going forward. Please remember that we will ALWAYS do whatever possible to conveniently and efficiently serve our members.  Our prayers are with you, your families and our communities during these challenging times.  As one of our credit union board members has reminded us, “with God’s help and strength we will rebuild”.  Let us apply this same resolve and determination in our homes, businesses, and surrounding communities. We love and appreciate you.

Northeast Community Credit Union Board of Directors, Management & Staff

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Barr latest HTT winner

Suzanne Barr, art teacher at Hampton High School, is the latest Northeast Community Credit Union Helping Teachers Teach grant winner.

Barr applied for the grant to purchase supplies for Shibori dying, a Japanese form of tie dying, for her fiber arts class. This year is the first that Hampton High is offering a fiber arts class for students.

“Materials for a fiber arts class of 20 students is very expensive, no matter how budget friendly I try to make it,” Barr said. “This art project will allow my students to experience fabric dying techniques used by other cultures that they otherwise might not get to experience. My students will enjoy this project and it will teach them skills they can use on other projects.”

Northeast Community Credit Union awards $300 every month to a classroom to be utilized for classroom needs, classroom activities, and academic enrichment.  Helping Teachers Teach is open to teachers within Carter, Johnson, Unicoi, Sullivan and Washington counties who are members of Northeast Community Credit Union. Area teachers may become members online or at any NCCU location and can download the grant application on the credit union’s website:  www.BeMyCU.org.

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NCCU sponsors County’s Back to School Bashes

Northeast Community Credit Union is helping to support students as they prepare for a new school year by sponsoring both of Carter County’s backpack programs.

NCCU donated $1,000 to both of Carter County’s Back to School Bashes in both cash and giveaways. The Back to School Bashes gives away thousands of backpacks filled with school supplies to students in the Carter County and Elizabethton City school systems each year.

Back to School Bash Ministries will host an event this Saturday, July 27, from 10 a.m. to 3 p.m. at Hampton High School. The Bash will have free school supplies, food, activities, characters and more. Items will be given away on a first-come, first-serve basis and children must be accompanied by an adult.

The Elizabethton City Schools will be hosting their Back to School Bash on Monday, July 29 from 6-8 p.m. at Elizabethton High School. This bash will have free backpacks, school supplies, snacks, and games and activities on the field for children.

Northeast Community Credit Union will be at each Back to School Bash with special giveaways for students.

Northeast Community Credit Union has been serving the community since October 1952 when it was chartered as a credit union by the State of Tennessee. Northeast Community Credit Union is a not-for-profit financial cooperative. It is open to anyone who lives, works, worships or attends school in Carter, Johnson, Washington, Unicoi and Sullivan counties along with their immediate family members.
For more information, visit www.BeMyCU.org.