An Ohio merger deal, years in the making, is providing a retirement honor and sendoff for a 38-year industry veteran, Tom Furrey, the president/CEO of the $65 million Western CU.
Under the consolidation plan, described as "strategic in nature," Furrey's CU, which he has headed 20 years, is being merged into a competitor, the $60 million Powerco CU also of Columbus.
Furrey, who retired Dec. 31, will become a consultant once the transaction is completed. He has been chairman of the Ohio Credit Union Foundation and has held down numerous volunteer jobs within the Ohio Credit Union League.
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