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The Board of Directors of Northeast Community Credit Union has announced the upcoming retirement of President and CEO Teresa Colbaugh Arnold and the promotion of her successor, David LeVeau.

Arnold, who has been with NCCU for four decades, was promoted from chief financial officer to president and CEO in 2016 following the retirement of longtime CEO Kathy Campbell. She previously served as CFO for 25 years.

During her tenure, Arnold has overseen significant growth at the credit union, helping to navigate challenges such as the COVID-19 pandemic and natural disasters. She credits the institution’s financial strength to “a wise and compassionate Board of Directors, dedicated staff, loyal members, and the grace of God.”

Arnold first informed the board nearly a year ago of her intent to retire in 2025. “I want time for additional traveling with my husband and for making more great memories with our family and grandchildren,” she said.

LeVeau, the incoming president and CEO, brings nearly 25 years of financial industry experience along with a background as a business owner. He has been with NCCU for nearly two years, developing and implementing a successful commercial lending program.

“I would like to thank the NCCU Board of Directors for this honor to become the next CEO and for entrusting me with the opportunity to serve our members,” LeVeau said. “I have a passion to serve our community and deliver exactly what our members desire and need.”

LeVeau has been actively involved in the community, having served as president of the Elizabethton/Carter County Chamber of Commerce, vice chair and treasurer of the local Boys & Girls Club, and secretary of the county’s Joint Economic Community Development Board.

Arnold expressed confidence in her successor, saying, “It is clear he is a man of integrity, and he has shown phenomenal leadership skills in the community and during his time with us. I anticipate a very bright future for our credit union with him at the helm.”

LeVeau holds a bachelor’s degree in business administration from the University of North Carolina and a master’s degree in accountancy from East Tennessee State University. He graduated at the top of his class at the LSU Graduate School of Banking in 2019.

NCCU serves nearly 13,000 members across four branches in Elizabethton, Johnson City, and Roan Mountain.