Jason Osterhage, 45, has been named president and CEO of the $4.4 billion Teachers Credit Union, Indiana’s largest financial cooperative, announced Tuesday.
He succeeds Waylon Peterson, who was named interim CEO in March 2021 following the retirement of Paul Marsh, who joined the South Bend, Ind.-based TCU. in 1989 as an intern and rose through the ranks, becoming CEO in June 2011. tenure, TCU grew its assets from $2 billion to $4.2 billion while its membership grew from 277,573 to 305,220, according to NCUA Call Reports.
Osterhage most recently served as executive vice president and chief operating officer of the $4.5 billion Texas Dow Employees Credit Union in Lake Jackson, Texas. He also worked as a banking manager and director of loans at the $15.1 billion Alliant Credit Union in Chicago.
He launched his credit union career 17 years ago at the $9 billion Delta Community Credit Union in Atlanta, where he oversaw lending, corporate strategy, program management, human resources and business data analysis.
“Jason’s extensive management experience in the credit union industry makes him the ideal choice to lead our experienced management team. Throughout his career, Jason has accumulated valuable expertise that applies to all facets of our organization, and we are excited to see the fresh perspective he will bring to the credit union,” said the president of the TCU Board of Directors Dr. Vincent Henderson in a prepared statement. “We are proud of all that TCU has accomplished over the past few years and are confident that Jason will provide the leadership needed to continue this momentum in the future.”
TCU’s 841 employees operate 57 branches in Hoosier State and southwestern Michigan, serving more than 305,000 members.