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William Reidel Retires From Consumers Cooperative CU After 40 Years

WAUKEGAN, Ill. - After more than 40 years at Consumers Cooperative Credit Union and 25 years as its president/CEO, William Reidel retired on April 1. Reidel started his career at the credit union in 1964 in the collections department, was later promoted to credit manager, then senior vice president before...

By Staff Writer | Updated on April 13, 2004

WAUKEGAN, Ill. – After more than 40 years at Consumers Cooperative Credit Union and 25 years as its president/CEO, William Reidel retired on April 1. Reidel started his career at the credit union in 1964 in the collections department, was later promoted to credit manager, then senior vice president before being named Consumers Cooperative’s fourth president/CEO in 1979. At the time, the credit union had 16,185 members, and $14 million in assets. During Reidel’s tenure, membership and assets grew to 48,000 and $375 million, respectively. “When I came to work at CCCU in 1964, I was a young man who simply wanted a chance to succeed,” Reidel wrote to credit union members and staff. “I was given that opportunity many times over. Now that the end of my career is in sight, it needs to be said I am truly grateful for the success CCCU has enjoyed during my time here. However, in the larger scheme of things, I recognize our success these past 40 years has come from the support of our members, and the unselfish dedication of all those who worked along side me.” Originally chartered in 1930, the credit union ware initially named Cooperative Credit Union.

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