Teachers Credit Union on Tuesday named a successor to retiring president and CEO Richard J. Rice.
Paul A. Marsh, current TCU senior vice president, will assume leadership duties after Rice’s retirement on June 25. Rice served the credit union for more than 39 years and has been president since 1987.
Marsh, an Indiana University graduate and Granger resident, joined TCU in 1989, working in the finance and treasury departments. He will become the fifth president of the credit union since its founding in 1931.
With $2 billion in assets, South Bend-based TCU is the largest credit union in the state. It has 44 branches in Indiana and Michigan. Its Indianapolis office has $545.3 million in assets, ranking it as the fourth-largest credit union in the metropolitan area.