After more than 40 years in the credit union industry, Daryl Tanner is retiring as CEO at Share One Inc. this month and will continue with the Memphis, Tenn., core processing CUSO as a director and product research consultant.

Tanner led four credit unions for 27 years before joining the 20-client Share One, where his 15-year tenure included the development of the NewSolutions core processing system now in place at 84 credit unions across the country.

Tanner has a long record of technology innovation at credit unions, Share One said, including the development of the CUStar system while he was CEO of Premier America FCU of Chatsworth, Calif.

While he was CEO at Meriwest CU in San Jose, the credit union sponsored the development with IBM of the first large-scale client/server data processing system for credit unions in the United States, which became known as CUBE and is now owned by Fiserv Inc.

He also is credited with deploying one of the first credit union share draft programs in 1972 and the first credit union-owned ATM, Share One said.

“I found that working in and with credit unions gave me a great deal of job satisfaction and pride,” said Tanner, who also mentored a number of successful industry executives over the years. “It is an industry where you can be proud of what you do and go home at night knowing you have made someone's life a little better for them each day.”

Teri Van Frank, currently chief operating officer/senior vice president, will be the new CEO at Share One, the company said.

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