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Direct Federal Credit Union, one of the fastest growing credit unions in Massachusetts, announced today that Chris Teachout has been named Vice President, Business Banking. Teachout joins the credit union from Needham Bank, where he served as Vice President, Private Banking. He comes to Direct Federal with over 10 years of Business Banking experience.
Teachout will be responsible for building Direct’s business banking offering, serving local businesses with highly competitive, business deposits and loans to meet the small business owners’ unique banking needs. He will build relationships with businesses throughout Norfolk and Middlesex Counties.
“Chris is a terrific addition to the Direct team. He has a proven record of fostering long-term business relations with local businesses in and around Needham, Massachusetts. We see significant growth potential with our new business banking program, and we look forward to Chris’s leadership and execution in helping to grow this new part of our business,” said Joe Walsh, President and CEO of Direct Federal.
Teachout is well-known in the local community and is the fourth generation of his family to be raised in Needham. He was the treasurer of the former Needham Business Association, was elected to the position of Chairman for the Newton Needham Chamber of Commerce in January 2018, and is a founding member of the Spark Referral Group which connects businesses in the Newton Needham area. He is an avid marathon runner and triathlete, and has run the Boston Marathon for many years to raise money for Hale Reservation in Westwood. He resides in Medfield with his wife and two children.
“Direct Federal is a progressive, ambitious organization and I am excited to lead the credit union’s charge to serve its local business neighbors with the same high level of satisfaction it has its retail members for many years. I have spent years creating relationships in the local community and I look forward to being a continued trusted resource for the business community. I am thrilled to introduce area businesses to Direct Federal and bring forth unique and personalized business banking solutions.”