After 23 years of serving as president/CEO of the $396 million, 26,020-member Verity Credit Union in Seattle, Bill Hayes plans to retire at the end of the year.

Verity CU is conducting a national search to replace Hayes.

"We will certainly miss Bill," wrote Verity Board Chair Daniel Strandy in a letter to members in the credit union's annual report. "Any employee will tell you that Bill is a down-to-earth, compassionate leader."

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Strandy also said Hayes led the credit union with a strong and steady hand through many changes, difficult financial times and significant growth.

"Bill's legacy will live on for many years," Strandy wrote. "He is leaving the credit union on extremely solid ground."

"I could not have asked for a better career here at Verity Credit Union," wrote Hayes in his letter to members in the credit union's annual report. "The people I had the fortune to work with – members, our board, our staff, other credit union professional and communities – provided me with a rich and rewarding experience for over two decades."

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Peter Strozniak

Credit Union Times reporter covering credit union operations, fraud, M&As, leagues, business continuity, and breaking news.