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Tower Names New Senior Vice President & CFO

Laurel, MD – Doug Harris has joined Tower Federal Credit Union, the largest federal credit union in Maryland, as Senior Vice President & Chief Financial Officer.

Doug-SVP-2018Harris is taking over for Allen Bach, who recently retired after a long tenure at Tower. Harris has 33 years of experience in the finance field, 17 of which were in the credit union industry. As Tower’s Senior VP & CFO, Harris will oversee the Finance and Facilities Administration Services Division.

“I’m excited to join a strong, innovative and member-value focused credit union directed by a dedicated, focused and talented Board of Directors and CEO,” Harris says.

Harris comes to Tower from Land of Lincoln Credit Union (LLCU) in Decautur, IL, where he was President & CEO. During his time there, Harris implemented many new loan underwriting and delivery channel improvements. Prior to LLCU, Harris worked as President of Centra Credit Union in Columbus, IN, where he led the credit union to record loan growth, total asset growth, and net income. He has also worked for First Merchants Bank in Muncie, IN, where he held the positions of Commercial Credit Manager, Assistant Comptroller, and VP of Finance.

“Tower has a talented, experienced and dedicated finance and facility services team, and Doug understands that,” says Rick Stafford, Tower’s President & CEO. “He has the right balance of experience, vision, and passion to lead our talented team. He is a firm believer in driving member value and delivering on Tower’s promise of extraordinary member service.”

Harris holds a Bachelor’s of Science degree in Business and a Master’s of Business Administration (MBA) degree from Ball State University in Muncie, IN. He is also a graduate of the Graduate School of Banking in Madison, WI. Harris has served on a number of boards and committees, including the Credit Union Centers Shared Branching Board, Fiserv Datasafe Executive Advisory Committee, Centra Foundation Board, and kidscommons Children’s Museum Board.

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