FT. KENT, Maine–David Desjardins, president and CEO of Acadia FCU, said he will retire on July 1, 2025. The $365-million Acadia Federal has named a successor.
Desjardins has served as president and CEO of the credit union for two decades, beginning his career as a board director with Acadia in 1995 before being named president and CEO in 2004.
Under Desjardins’ leadership, Acadia FCU navigated four mergers, three in the St. John Valley and one in Bangor.
“When he took over in 2004, the credit union had roughly 4,000 members, one branch, 17 employees and $32 million in assets. Today, Acadia has over 16,000 members and eight locations, with a ninth in the works,” the credit union said in a statement. “There are 89 employees and the credit union's assets are over $363 million.”
‘Outstanding Leadership’
“Dave has given us over 20 years of outstanding leadership,” Board Chair Mary McCarthy said in a statement. “On behalf of the entire board, I thank Dave wholeheartedly for his passion and commitment to Acadia FCU and our members. Dave has led with determination and kindness, ensuring that the credit union never wavered from the commitment and mission to invest in our communities. The legacy Dave leaves behind will forever serve as an example of the positive impact a credit union can have on the people of Maine.”
During his career Desjardins also served as a past director of Tricorp Federal Credit Union, and he was recognized with several accolades, including being named a 2013 Mainebiz Business Leader of the Year.
“Leading Acadia Federal Credit Union as its president and CEO for the past two decades has been an honor,” said Desjardins in a statement. “I am always mindful of the financial impact Acadia has on our members, staff, and the communities we serve.
"Every decision I made was aimed at ensuring the long-term success of the organization," he continued. "I am extremely proud of our collective achievements and deeply grateful for the unwavering support of our members, staff and board of directors. Looking ahead, I am confident that Acadia FCU will continue to thrive and grow.”
The New CEO
Named to succeed Desjardins as CEO is Joey Cannan, who currently serves as executive vice president and who joined the organization in 2021.
Cannan has more than 25 years of banking and mortgage industry experience, and has held various management positions with Bangor Savings Bank, including senior vice president and director of operations.
He holds a bachelor’s degree in business administration from the New England School of Finance and an MBA from Husson University.