Tom Young is retiring at the end of the year as president and CEO of Capital Credit Union in Green Bay, Wisconsin.
Young, who has led the $2.1 billion-asset organization for 32 years, said in a video posted to the credit union’s website that the board is now searching for his replacement.
The new CEO will probably be named by Oct. 1, which will provide Capital with three months of leadership overlap, Young said.
His successor, he said, is “going to inherit not only a great credit union that is in great shape and in great position to move forward in the future, but a superior staff, management team and board of directors.”
The institution was known as Pioneer Credit Union when Young took over in 1989. At that point it had three branches and $50 million of assets.
Since the 2014 merger of Capital Credit Union and Pioneer Credit Union, the combined entity has grown to 24 branches.
“We’ve doubled in size in the last seven years, and that’s all due to the merger and being able to serve a wider area,” Young said.
Capital Credit Union earned $12.9 million in the second quarter, after earning roughly $6.9 million a year earlier, according to call report data from the National Credit Union Administration.
