Dale Schumacher, president/CEO of the $232 million Tampa Bay Federal Credit Union, said Monday he will retire July 3, 2015.
Schumacher, 66, joined the Tampa, Fla.-based credit union more than 22 years ago. Before then, he served as president/treasurer at the $283 million SIU Credit Union in Carbondale, Ill.
During his tenure, Tampa Bay FCU nearly tripled its member deposits and currently serves more than 27,000 members, according to the credit union.
Under Schumacher's leadership, the cooperative also introduced a remote teller service, point-of- sale auto lending and, most recently, a mobile app.
“Colleagues always talk about a legacy of leadership,” Schumacher said in a statement. “I believe that is defined by where the credit union goes from here. The team and culture are in place. I'm leaving Tampa Bay Federal a better place to do business and work than I found it.”
In 2005, Schumacher was recognized by the Greater Tampa Chamber of Commerce as a small business leader, according to Tampa Bay FCU.
In 2011, he was inducted into the CUES Hall of Fame for his contributions to the industry.
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