Utilities Employees Credit Union said its long-time president/CEO, Glen Yeager, will retire on Oct. 1.
Yeager took over the $80 million UECU in 1987 and shepherded its growth to its current $1.1 billion in assets and 44,000 members, serving employees and families of public utilities and energy sector companies in all 50 states from a single office in Wyomissing, Pa.
"Together we've honed a low-cost, virtual credit union model that allows UECU to pay members some of the highest savings rates and rewards of any institution in the country," Yeager said in the July 7 announcement.
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Along with call center services, UECU has been a leader in electronic services, launching banking by mainframe computer in 1993, touch-tone phone banking in 1994 and online home banking in 2001, the UECU announcement said.
Yeager will be succeeded by current EVP Patricia Zyma, the announcement said.
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