San Mateo Credit Union CEO Barry Jolette has announced his retirement. No timeline has been established for the transition to new leadership, SMCU said in an Aug. 29 release.

Jolette began his credit union career in 1965 as an NCUA examiner and joined SMCU in 1987. Since that time, the San Mateo, Calif., grew from $7 million to $766 million in assets.

Jolette was an active leader in the credit union community, serving on the CUNA and WOCCU boards and leading advocacy efforts to pass H.R. 1151. He was also honored with a Lifetime Achievement Wegner Award in 2007.

"The institutional and community commitment, leadership, and successes achieved by Barry Jolette over the past twenty-seven years have been exceptional and inspiring," SMCU Chair Bob Adler said. "The board wishes Barry a long and happy retirement with deep appreciation for his decades of service to our members and community."

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