DCUC welcomes David Araujo, President/CEO of Service Credit Union, to its Board of Directors
WASHINGTON, D.C. (October 30, 2024) — The Defense Credit Union Council (DCUC) is proud to announce the appointment of David Araujo, President/CEO of Service Credit Union, to its Board of Directors. Araujo’s depth of experience in credit union leadership, financial innovation, and commitment to military and veteran communities will bring valuable perspective to DCUC’s ongoing mission of advocating for defense credit unions.
Appointed as President/CEO of Service Credit Union in 2018, Araujo brings over 25 years of financial leadership experience, starting his career in 1997 at Metrowest Bank. Before joining Service CU, he held several senior leadership positions at Digital Federal Credit Union (DCU), most notably as Chief Innovation Officer, where he led transformative digital strategies and founded DCU’s Fintech Innovation Center. At Service CU, he drives a strategic vision that supports more than 360,000 members across all 50 states and over 40 countries, with branches spanning New Hampshire, Germany, Massachusetts, and North Dakota.
Araujo, a U.S. Marine Corps veteran and former member of the Presidential Honor Guard, has dedicated his career to advancing financial solutions that improve members’ lives. He holds a B.S. in Finance and an MBA from Framingham State University and is both a Certified Credit Union Executive (CCUE) and Certified Innovation Executive (CIE). In addition to his role at Service CU, he serves as President and Chair of the Service CU Impact Foundation, which is committed to fostering opportunities for thriving communities. Araujo’s board service extends to organizations including the Cooperative Credit Union Association, Eascorp/Vertifi, Dora (Neo bank for credit unions), and the Homeland Heroes Foundation.
“It is an honor to be appointed to serve on the DCUC’s Board of Directors. Service CU has been serving the men and women of our armed forces since its founding in 1957,” said Araujo. “It’s important to have strong military advocacy and relations with all involved, to ensure that our members can be focused on the mission at hand, defending our country. I look forward to supporting the other DCUC Board of Directors representing the credit unions that are part of this association.
DCUC Board Chair Jack Fallis, President of PNW & International Markets at Global CU, welcomed Araujo’s appointment, stating, “We are thrilled to welcome David to DCUC’s Board of Directors. His experience leading Service Credit Union and commitment to supporting military and veteran communities will be a great asset to our board. We look forward to David’s insights and leadership as we continue advancing DCUC’s mission in championing the defense credit union movement.”
“DCUC is honored to welcome David to its Board of Directors,” said Anthony Hernandez, DCUC President/CEO. “His dedication to the credit union movement and deep understanding of the unique financial needs of our military and veterans will be invaluable as we advance our mission.”
To learn more about DCUC’s Board, please visit dcuc.org/board.
About Defense Credit Union Council (DCUC)
The Defense Credit Union Council is the premier resource for credit unions on all military and veteran matters. By maintaining a close and constant liaison with the Pentagon, Capitol Hill, and NCUA, the Council champions the interests of credit unions serving our military and veteran communities by coordinating policy, procedures, and legislation impacting morale and welfare, financial readiness, and the delivery of quality financial products and services. Organized in 1963, the Council’s membership is comprised of more than 180 credit unions with over 37 million members. If you would like more information about this topic, please contact DCUC at alert@dcuc.org.
