Capital CU President/CEO Thomas Young Plans Retirement at the End of 2021
Board of directors is searching for his successor, who is expected to be named by Oct. 1.
After 32 years of service, Thomas P. Young said he plans to retire at the end of the year as president/CEO of Capital Credit Union in Green Bay, Wis.
The board of directors is searching for his successor, who is expected to be named by Oct. 1, Young said in a video posted on the credit union’s Facebook page.
During his executive leadership, Pioneer Credit Union grew from managing $50 million and operating three branches in 1989, and after a 2014 merger, grew to its current assets of $2.1 billion and 24 branches.
In 2013, Young initiated and facilitated the consolidation of the $569 million Pioneer and the $459 million Capital Credit Union, which created a new billion-dollar financial cooperative in Wisconsin that served more than 88,000 members. The merger was completed during the summer of 2014 and Young continued as president/CEO of the combined credit union.
Currently, Capital serves more than 130,000 members.
“Things have gone very well for our business since then,” Young reflected. “We have doubled in size in the last seven years and that’s all due to the merger and being able to serve a wider area.”
He continued, “I am going to miss our employees tremendously. I will miss my peers and I will also miss dealing with our membership. We’ve strived to be the best advocates for you and I’m sure that is going to continue.”