Jax Federal Credit Union in Jacksonville, Fla., has a new leader.
The $497 million-asset credit union said in a press release Tuesday that it had hired John Servos as its president and CEO April 1. Servos previously served as CEO of the $477 million-asset Neighbors Credit Union in St. Louis.
Servos had been at Neighbors for 22 years, including the last 12 as its CEO.
Servos succeeded Mary Svoboda, who had been Jax's interim president and CEO since March 2020. Svoboda returned to her previous roles of chief operating officer and chief lending officer.
Jax had hired DDJ Myers in September to conduct a national search for its next leader.
Servos "is a proven and well-respected executive whose success is a testament to his deep commitment to member service," Charles McLeod Jr., Jax's chairman, said in the release.
"We look forward to his leadership and vast CFO and CEO experience in helping guide our 86-year-old credit union through its next phase of growth," McLeod added. "We also extend our gratitude to Mary Svoboda for serving as the interim president and CEO and navigating through the pandemic challenges of the past year."
Before he became CEO at Neighbors, Servos was the credit union's chief financial officer for nine years.
“I believe our number one asset at Jax FCU is our team of associates," Servos said in the release. "Creating a positive environment and providing resources for our employees allows them to fulfill the credit union promise of people helping people."
Jax earned nearly $1.6 million in 2020, compared with $1.9 million a year earlier, according to its call reports.
