CAMBRIDGE — After 29 years of service with the Naveo Credit Union — 15 of which as CEO — Rui F. Domingos will be leaving this financial institution to become president/CEO of MIT Federal Credit Union on April 1.

“We are delighted to welcome Mr. Domingos to MIT FCU and are confident that he is the right person to build on MITFCU’s momentum.” said MIT Federal Credit Union Chairman David Markuson in a prepared statement. “He is a leader with strong background of financial, operational and executive management experience who will ensure continued excellence of service to our membership as well as taking MIT FCU to the next level.”

In a press release, MIT FCU officials highlight how Domingos feels passionate about the significance of credit unions in the community.

“Mr. Domingos, a member focused leader, has an outstanding history of creating highly engaged teams which has been proven by leading results oriented organizational change and by making an impact within his community,” reads the press release.

Domingos, who is a member of the Cooperative Credit Union Association Social Responsibility Committee and the Metro Boston Chapter, said he feels humbled and honored to join MIT FCU and he is appreciative of the Board of Directors’ confidence in him to lead that institution.

“I look forward to working with the credit union's talented team to continue to deliver great value to our members,” said Domingos in a prepared statement. “In addition, I am eager to engage with the MIT community and affiliated organizations to collaborate on initiatives that will improve the financial well-being of the credit union members.”

Meanwhile, Naveo Credit Union said its Board of Directors has begun the search for a new CEO. In the interim, the credit union will be led by Naveo’s Senior Management team

“We thank Rui for the great accomplishments he made in his many years of service. We wish him great success in his new venture,” said Leontina Mancini, Chairperson of the Board, in a prepared statement.

Naveo Credit Union officials said the transition will not affect member service or experience. “As we work through this transition, we are confident that the entire team will continue to deliver exceptional member service and remain active in our community and the neighborhoods in which we serve,” stated Mancini. “Naveo is financially sound and in a great position to continue our legacy of providing great value to our member-owners and excellent service to our community.”

During his tenure, Domingos led Naveo Credit Union through several strategic milestones, including a field of membership change, a name and branding change and new business growth which resulted in an 87 percent asset growth, 171 percent loan growth, 85 percent deposit growth and 76 percent capital growth, according to the press release.

In addition, Domingos has a strong dedication to social responsibility, showcased through his position on the Cooperative Credit Union League’s Social Responsibility Committee, as well as being involved as a President of the Metro Boston Chapter, President of the Boston Portuguese Festival, former President of the Somerville Kiwanis, among many other organizations.

“I feel privileged and honored for the opportunity to have led Naveo Credit Union for the past 15 years as their Chief Executive Officer,” Domingo said. “This is a wonderful local financial institution with a rich history for helping people in our community. This has been a wonderful and fulfilling experience that I will never forget, and I am honored to have worked with so many incredible people.”

After 29 years at Naveo, Domingos said he leaves with a great sense of pride for all that they have accomplished together and the positive impact they had in the financial lives of their members and community in general.

“Although I will miss Naveo, I’m looking forward to continuing to contribute to the “People Helping People” philosophy at MIT Federal Credit Union, a wonderful financial institution that is also focused on improving their members financial well-being,” he concluded.