William “Bill” Lawton, the chief executive of Community Financial Credit Union in Plymouth, Michigan, will retire in July.
The $1.2 billion-asset credit union has retained Humanidei + O’Rourke to help find its next CEO.
Lawton, who has been with the credit union for roughly 40 years, began with the organization in 1982 while his father, George Lawton, was working as its general manager.
“It is difficult to convey how grateful I am for your support during my tenure as the CEO of Community Financial,” Lawton said in a press release. “Together, we have changed lives for the better and made our communities even more vibrant places to work and live.”
Lawton has served on numerous committees and boards during his time at the credit union, including Growth Works, the Detroit Cristo Rey Board, City of Plymouth Board of Canvassers and the United Way.
"It’s been inspiring to witness Bill’s passion and knowledge,” Dan Herriman, a Community Financial board member, said in the press release.
Community Financial Credit Union had a profit of nearly $9 million for the first nine months of 2021, a 32% increase from a year earlier, according to call report data from the National Credit Union Administration.
