Dave Osborn, president/CEO of the $1.4 billion Anheuser-Busch Employees' Credit Union in St. Louis, announced Wednesday he will retire in March after 23 years of service.

Under Osborn's leadership, ABECU grew from $253 million in assets with 13 branches to more than $1.4 billion in assets with 30 branches across the nation.

Robert McKay, EVP/COO of the $1.9 billion Baxter Credit Union in Vernon Hills, Ill., will succeed Osborn as ABECU's new CEO, according to the credit union.

Osborn served on an array of industry boards of directors including the Defense Council of Credit Unions, Missouri Corporate Credit Union, CO-OP Financial Services, CU Advisory Board for Enterprise Car Services and the Indiana Corporate Credit Union.

“The most pressing matter is to get my office cleaned out. After 23 years, you can really collect a lot of junk,” Osborn told CU Times. “Our credit union is in pretty good shape. I'm just trying to create a smooth transition for the new CEO so he is able to catapult the credit union into the future.”

Osborn also won the CO-OP Financial Services 2014 Founders' Award.

“Through his dedication to helping our members reach financial success, Dave has led the credit union through landmark growth and success,” Dan Vogler, ABECU EVP, said. “We appreciate his leadership, dedication to the communities we serve, and development of the credit union's culture, and he will be missed dearly.”