MSCU Announces New President

Mutual Security Credit Union Press Release
For Release January 14, 2019

Mutual Security Credit Union Announces New President

(SHELTON, Conn.) -- January 14, 2019 -- Mutual Security Credit Union, a $310M community-based cooperative financial institution, is pleased to announce that Executive Vice President Henry (Hank) Baum has been promoted to President effective January 1, 2019.  Baum joined Mutual Security Credit Union in 2014 and has overseen key organizational transformations in Operations, Compliance, Information Systems, Card Services and Lending.

“Hank has proven to be a valuable asset to Mutual Security Credit Union and its 29,000 members and I am confident that his track record with us and his 26 years of experience will help guide our institution to continued success,” said Larry Holderman, Chief Executive Officer, Mutual Security Credit Union.  “Mutual Security Credit Union has a rich history in the communities we serve. Hank embraces our commitment to achieving financial success for our members while enhancing the quality of the neighborhoods where we live and work.”

Bruce Likly, Chairman of the Mutual Security Credit Union Board of Directors added, “The Board has been impressed with Hank’s deep understanding of the benefits Credit Unions provide their members and the challenges facing community-based financial institutions. His innovative approach to identifying and addressing obstacles and opportunities will ensure a strong future for Mutual Security Credit Union.”

When asked to comment on his new responsibilities, Baum stated that he saw it as “an exciting opportunity to build on the solid foundation already in place” and that he will be setting his sights on “improving what needs improving and sustaining the values that made us who we are today.”

Supporting Baum in his duties are the Sr. Management Team of Mutual Security Credit Union, including: Larry Holderman, CEO, Stephen Osowiecki, CFO; Michael Augusti, VP Sales and Service; and Ann Nankervis, Director of Human Resources.

About Mutual Security Credit Union

Mutual Security Credit Union has been serving members since 1954. As a not-for-profit organization owned by more than 29,000 members, it serves the community and various employer groups. The Company’s mission is to provide its member-owners with innovative financial solutions that enhance their economic well-being. Mutual Security Credit Union had total assets of $310 million as of December 31, 2018. For more information visit, www.mscu.net.