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Welcome our new President/CEO, Jim Watts

Apr 30, 2018


Jim Watts

After 41 years of service, and 18 as our President/CEO, Larry Coverstone has retired from R.I.A. Federal Credit Union. The Board and Staff will miss Larry and wish him the best in his retirement.


"The credit union has been a great employer for me and my family during my tenure. It has been a privilege to lead such a fine organization and staff that brings value to the membership and communities we serve," Coverstone said.


The credit union is excited to announce that Jim Watts will step into Larry's role effective immediately. Mr. Watts has over 30 years of experience in the financial services industry.  He comes to R.I.A. Federal Credit Union from Central Bancshares, Inc. where he served as Senior Vice President and Chief Operations Officer for two years.  Prior to his time at Central Bancshares, Inc., Mr. Watts worked for West Texas National Bank as Chief Operating Officer.  He has also held an Executive Vice President and Chief Information Officer position at the $2.2 billion Royal Credit Union in Wisconsin.


Mr. Watts has a Bachelor of Science degree in Business Management from Elmhurst College in Elmhurst, Illinois and holds two certificates from the CUES CEO Institute, from Wharton School of Executive Education, and Cornell University Johnson School of Business.


When asked about his new position, Mr. Watts stated, “I am happy to have been offered such a fantastic opportunity at R.I.A. Federal Credit Union and I am very much looking forward to joining the organization.”


R.I.A.'s Vision

R.I.A. Federal Credit Union is a progressive, member-owned cooperative whose purpose is to satisfy the financial needs of its members by providing high quality products and services that support the safety and soundness of the credit union.

Media Contact

Jake Ward
VP Marketing
563.355.3800 Ext 7004
Email Jake Ward

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