PSCU told its members March 3 it has a strategic plan in place while it seeks a new CEO. The CUSO also expressed gratitude to former CEO Mike Kelly for his four years of service.
"We want to assure our more than 800 member credit unions that the board, along with our Acting CEO Tom Gandre, has a strategic plan in place to move the organization forward while the search is underway for our next CEO," PSCU Chairman Mike Valentine said in a prepared statement.
He went on to note, "I would also like to thank Mike Kelly for his dedication and contributions toPSCU. Mike was a change agent who helped PSCU and its stakeholders gain visibility and momentum in the marketplace and successfully positioned PSCU for the future. PSCU appreciates his contributions over the past four years and wishes him well in his future endeavors."
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Kelly was PSCU's first CEO after the death of its founder, David Serlo. He had served in the position since May 2011.
Mary Pateuk, vice president for corporate communications at the CUSO, declined to offer any comment on why PSCU made the statement, nor did she offer any strategic plan details.
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