Stan Hollen, president/CEO of CO-OP Financial Services in Rancho Cucamonga, Calif., will retire in May, the CUSO’s board of directors said Tuesday.

“Stan is one of the true giants of the credit union movement, and under his leadership CO-OP Financial Services has grown to service more than half of all credit unions in the United States,” Doug Ferraro, CO-OP’s board chair and president/CEO of the $3.4 billion Bellco Credit Union of Greenwood Village, Colo., said. “We are making his retirement plans known to the industry five months in advance in order to ensure a smooth CEO recruitment process and transition.”

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