Teachers Credit Union, the largest credit union based in Indiana with more than $4 billion in assets, has named a new president and CEO after a nationwide search.
The South Bend-based financial institution announced Tuesday that Jason Osterhage will oversee all aspects of the day-to-day operations of TCU and lead its executive team in achieving strategic goals.
Osterhage mostly recently was executive vice president and chief operating officer for Texas Dow Employees Credit Union in Houston. He also spent nine years with Alliant Credit Union in Chicago, where his duties included overseeing all lending functions, banking product strategy, member experience and retirement/wealth services.
“Jason’s extensive management experience in the credit union industry makes him the ideal choice to lead our experienced executive team,” said Dr. Vincent Henderson, chairman of the TCU board of directors, in a media release.
Osterhage replaces Waylon Peterson, who was named interim president and CEO in March 2021. At the same time, TCU announced that former president and CEO Paul Marsh had stepped down after 10 years leading the credit union.
Founded in 1931, TCU has 306,000 members throughout Indiana and southwestern Michigan, about a third of which are located in the Indianapolis area, according to IBJ research. It has 57 branches, 18 of which are located in the Indianapolis area.