This fall will bring a few changes in leadership at Texas Dow Employees Credit Union.
President/CEO Ed Speed has announced he will retire effective Oct. 1. He was recently elected to the board of the credit union he has led through a period of expansion and acquisition.
Executive Vice President/Chief Operating Officer Stephanie Sherrodd has been tapped as the new president/CEO of the $2 billion credit union.
Sherrodd was named a Woman to Watch by Credit Union Times in September 2011.
For the past 10 years, under Speed's leadership, the Lake Jackson, Texas, credit union's assets grew from $700 million to $2 billion; loans grew from $400 million to over $1.6 billion; membership grew from 68,000 to more than 170,000, and retail branches grew from two to 30 locations.
Sherrodd joined TDECU in 2004 as the vice president of branch administration and has been in her current position since 2010. Prior to joining TDECU she was chief operating officer at Warren Federal Credit Union in Wyoming.
According to Speed, Sherrodd has been “destined to lead a giant credit union one day and he was pleased, that credit union, will be TDECU.
“It's been an honor to work with Ed Speed these past eight years. He's been a generous mentor and friend,” said Sherrodd. “I'm thrilled to continue our legacy of serving TDECU's 170,000 members and 600 employees.”
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