Steve Brewer
The board of directors of the Michigan Schools and Government Credit Union said Tuesday that Steve Brewer will become the new CEO of the Clinton Township-based financial cooperative on Nov. 1.
He will succeed Pete Gates who announced his retirement plans in June. During his tenure, the credit union has grown from assets of $275 million to $3.2 billion, while loans increased from $102 million to $2.7 billion, and membership quadrupled.
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"We thank Pete for his years of service and contributions," MSGCU Board Chair William Cayen said in a prepared statement. "This growth has resulted in a positive impact for our members, including market-leading rates, industry-leading low fees, and giving back to our communities."
Cayen also said it was the board priority to select a successor to continue MSGCU's dedication to our mission of promoting financial success for its members.
"Steve embraces our strong culture and exceptional service to members," he said. "We look forward to seeing Steve continue MSGCU's tradition of providing value to our members and supporting the communities we serve."
Brewer has worked in the credit union industry for more than three decades. Over the last 20 years, he has served as MSGCU's chief financial officer.
Brewer has played an instrumental role in MSGCU's growth and success, in addition to providing leadership and oversight for multiple key areas within the credit union.
As Michigan's sixth largest credit union by assets, MSGCU's 394 employees operate 17 branches that serve more than 141,000 members.
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Peter Strozniak
Credit Union Times reporter covering credit union operations, fraud, M&As, leagues, business continuity, and breaking news.
