Members Exchange Federal Credit Union, headquartered in Ridgeland, Miss., is proud to announce the appointment of Susan Boshart as its next president and chief executive officer, effective January 1, 2026.
This transition marks the beginning of a new era of leadership, following the retirement of Mitzi Tate, who retired on December 31, 2025, after an extraordinary 27-year tenure as president/CEO.
Boshart holds a bachelor’s degree in accounting from the University of Southern Mississippi and began her journey with Members Exchange as an assistant vice president. Over the past 26 years, she has steadily risen through the ranks, demonstrating exceptional leadership across a wide range of departments. Most recently serving as executive vice president, Boshart has played a pivotal role in shaping the credit union’s strategic direction. Her appointment as president/CEO reflects a career defined by dedication, vision and a deep understanding of every facet of the organization.
“Her career path is the exception rather than the norm,” said Tate. “Susan demonstrates a high energy level with strong organizational skills. She has become a leader and coach who consistently displays compassion, humility, integrity and innovation while procuring high performance and growth. I am excited to see the credit union flourish under her leadership.”
Tate has served Members Exchange for nearly 44 years, including twenty-seven years as its president and CEO. Under her leadership, the credit union has grown from offering only shares and loans with $20 million in assets to over $140 million in assets, now offering a vast array of competitive financial products and services. Her vision to establish a credit union footprint in the Jackson area began with establishing branches in Hinds, Madison and Rankin counties, which has made Members Exchange one of the most competitive credit unions in the state.
“The contributions Tate has made to our credit union over the years are just too numerous to list,” said Kenneth Allison, chairman of the Board of Directors. “Her leadership has driven significant advancements in our credit union, from expanding member services to strengthening financial performance. Her strategic vision has set a clear path for sustainable growth and innovation. For without her guidance and dedication, the credit union certainly would not be where it is today, ranking as one of the largest in Mississippi. She is to be commended for a job well done.”
Members Exchange Federal Credit Union was originally chartered in 1954 to serve the financial needs of employees at Presto Manufacturing Company. Over the past 72 years, the credit union has experienced exponential growth, now serving over 13,000 members and offering a range of financial services and products.
