121 Financial Credit Union Announces Key Management Changes

President and CEO, Bruce Fafard Installs New Executive Team

Jul 20, 2015, 06:06 ET from 121 Financial

JACKSONVILLE, July 20, 2015 /PRNewswire/ -- Newly named president and CEO of 121 Financial Credit Union, Bruce Fafard announced a new centralized organizational structure at the credit union's senior level which establishes a Chief Financial Officer (CFO), Chief Operations Officer (COO), and a Chief Strategy Officer (CSO). 

The newly formed executive management team structure was announced on June 30th at a "town hall" style meeting with all 121 Financial employees. Fafard explained the reasoning for the new organizational structure by saying, "Over the past two months, I have had the pleasure of getting to know the great talent at 121 Financial from the inside out and I'm pleased to say service to our members is what we do well. We are establishing an internal structure that enhances that member experience further."

Becky Hulett will remain in the CFO position. David Marovich will assume the role of COO and responsibility for all customer-facing services and sales. Paul Blackstone joined 121 Financial in the newly formed role of Chief Strategy Officer (CSO) as of July 6, 2015. Paul's responsibilities will include Technology, Marketing, Facilities, Legal, and Risk Management for 121 Financial. During the 121 Financial employee meeting Fafard went onto to say, "We have the ability to positively affect our members' lives and we are going to do that every time they interact with us by delivering an excellent banking experience through whichever channels the member prefers — including mobile, online, or in-person. The goal will be that every member interaction will reflect that same quality of being 'The World's Best Credit Union.'" 

Meet the New Executive Team
Becky Hulett has served as 121 Financial's CFO since 2007 and is committed to credit union value of "people helping people" while remaining conscious of the need to operate a sustainable, innovative, high quality enterprise that serves our members – now and in the future. Her powerful blend of strategic and technical skills has served 121 Financial well so far and we are excited for what she do going forward. 

The newly appointed COO, David Marovich, has also been with 121 Financial since 2007, building an award-winning business loan program, growing it into a $57 million portfolio and helping small businesses around Jacksonville establish and fund their American dreams.

Chief Strategies Officer is a new executive position for 121 Financial and will be filled by Paul Blackstone. Paul is the founder and CEO of Copilot Networks, a company he created to help parents manage their children's devices. "Given his strong background in technology and security, he will be a great asset as we work towards the major technology launch this fall," said Fafard in an internal email to all employees announcing the organizational changes. 

121 (pronounced one-to-one) Financial is proud to serve the businesses and residence of the 11 counties in and surrounding Jacksonville. As a financial cooperative centered on the philosophy of "people helping people," the credit union exists to help its members with its banking and financial needs.

Contact: Molly Jackson 
Phone: 864.326.8740 


SOURCE 121 Financial