One of the most outspoken executives in the credit union industry, 37-year State Employees' Credit Union President/CEO Jim Blaine, said Monday he will retire after his successor is named in 2017.
Blaine, 66, was appointed SECU's president/CEO in 1979.
During his tenure, the credit union grew from $300 million in assets to $33 billion in assets and from 8 branches to 256. With more than 2 million members and 5,800 employees, the Raleigh, N.C.-based, SECU is the second largest credit union in the U.S.
Under Blaine's leadership, the SECU Foundation was launched in 2004 and was recently ranked 25th on a Top 50 Foundations list in North Carolina by the New York-based Foundation Center.
Over the last 10 years, the SECU Foundation has invested more than $100 million for dozens of projects across the state, which has provided nearly 5,000 college scholarships, affordable housing and healthcare, hospice centers, community e-learning libraries, renewable energy, museums, and community housing for recently released convicts, pregnant teens, homeless veterans and individuals recovering from addiction.
Last year, Blaine was voted by his credit union colleagues as one of CU Times' Final Four most influential leaders in the industry over the last 25 years.
SECU Board of Directors Chair Cynthia Jolly said the CEO search should be completed no later than the first quarter of 2017.
To assist with its CEO selection process, the board is working with the firm of Matthews, Young – Management Consulting of Hillsborough, N.C.
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