Midcoast Federal Credit Union announces leadership promotion

Midcoast Federal Credit Union said that Christina M. Carter has been named president, effective April 1, as part of a planned leadership succession.

It’s part of the transition as longtime President and CEO Joseph R. Gervais prepares for retirement. Once Gervais retires in mid-2027, Carter will assume the CEO role.

“This transition is deliberate, well-structured and focused on continuity,” Gervais said. “It provides stability for our members and our employees, while ensuring strong leadership well into the future.”

Gervais has had the top roles since 2013. He is credited with guiding the organization through growth, technological advancement and regulatory complexity while “maintaining a strong focus on member service and community impact,” the Freeport-based credit union said.

“Joe’s leadership has positioned Midcoast for long-term stability and success,” said Rick Hart, chair of the board of directors. “This transition builds on that foundation while preparing the organization for its next chapter.”

Carter’s background

Carter brings more than 25 years of credit union leadership experience and has served Midcoast in senior executive roles since 2018. She is recognized for her operational expertise, collaborative leadership style and commitment to cooperative values.

“I’m honored by the board’s trust and grateful for the opportunity to step into this role,” Carter said. “Joe has built a strong, values-driven foundation, and I look forward to building on that legacy as we continue to serve our members, support our employees, and strengthen our communities.”

Midcoast Federal Credit Union ranks No. 20 among the largest Maine-based credit unions in the 2026 Mainebiz Book of Lists, which cites assets of $264.6 million and five Maine offices.