WACO, Texas — Bill Spivey, president of GENCO Federal Credit Union, retired on Oct. 12 after 16 years at the helm and 52 years of service in the industry.
Spivey said the five decades of service were the best years of his life, but the thought of walking away makes him pause.
"It's going to be an adjustment, make no bones about it," Spivey acknowledged, saying after a planned vacation, he plans to continue working with credit unions in some capacity.
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Spivey started his career in 1955 at William Cameron Employees FCU in Waco. Directly prior to serving at GENCO, Spivey was president of Texas Share Guaranty CU in Austin from 1984 to 1991. He was also president of Public Employees CU in Austin from 1972 to 1984, and Waco VA FCU from 1963 to 1972.
Under his tenure at GENCO, membership grew 9,000 to 30,000; assets increased from $36 million to $154 million; 19 employees grew to 98 and one branch expanded to a six branch-network.
"The members, the employees that I have had the pleasure of working with for 50 years, the people that I've met over the years across the state and nationwide–that's what I will miss the most."
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