Newburgh-based Heritage Federal Credit Union has promoted President Tony Aylsworth to the role of chief executive officer. Our partners at WEHT-TV report Aylsworth will succeed David Milligan, who is set to retire later this year after serving in the role for four years.
“I’m so happy that the board has chosen Tony as my successor,” said Milligan. “Tony and I share the same vision so I know that the work we started four year ago will continue. We have great teams and our company’s future is bright with his leadership.”
Prior to his role as CEO, Milligan served in several positions at the credit union, including chief risk officer, vice president of e-services and deposit support operations.
Under Milligan’s guidance, the credit union says a new branch location will open in Owensboro. The expansion will increase the number of counties Heritage serves from five to 27 throughout Indiana, Kentucky and Illinois.
Aylsworth joined the credit union in 2018 as chief risk officer. Heritage says his background includes nearly 30 years of financial institution experience.
“Under David’s leadership, Heritage has realized significant growth. We are proud of the positive impact David has made on the members, employees, and community,” said Board Chairman Tim O’Brien. “On behalf of the Board of Directors, we are thrilled to announce Tony as our President and CEO. The transition could not have gone any smoother. We look forward to continuing the growth throughout the region.”
Alysworth is expected to take over as CEO on June 18.