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The Y-12 Federal Credit Union welcomes a new CEO, while the Langley Federal Credit Union prepares to bid farewell to its leader who plans to retire.

Dustin Millaway has been appointed to lead Y-12 FCU, the Oak Ridge, Tenn.-based financial cooperative said Friday. On Tuesday, Langley FCU in Newport News, Va., announced its President/CEO Tom Ryan will retire at the end of 2025 and has launched a national search for his successor.

Millaway succeeds Mike Ziegler, who has served as CEO since 2013.

During Ziegler’s tenure, Y-12 FCU increased assets from $689 million to $2.1 billion, while loans grew from $512 million to $1.7 billion, and membership expanded from 82,272 to more than 116,000, according to NCUA Call Reports.

Millaway was hired by the credit union in 2014 as its controller and was promoted a year later to chief financial officer and strategy officer, according to his LinkedIn profile report. Before joining Y-12 FCU, he served as director of accounting for Athens Community Bank and worked as an in-charge auditor for Hazlett, Lewis & Bieter.

Dustin Millaway

"We are proud to name Dustin Millaway as the next president and CEO of Y-12 Credit Union," Board Chair David Ruperts said in a prepared statement. "His deep expertise, visionary leadership, and unwavering dedication to our mission make him the ideal choice to lead us into the future. We are confident that under his direction, our Credit Union will continue to succeed and evolve in service to our members and communities."

The credit union’s 355 employees operate 17 locations.

Y-12 FCU is Tennessee’s sixth-largest credit union by assets.

Ryan, who has worked in the credit union movement for 40 years, has led Langley for the past 13 years.

During his CEO tenure, the credit union’s assets increased from $1.7 billion to $5.4 billion, while loans grew from $718 million to $4.5 billion, and membership expanded from nearly 170,000 to more than 391,000, according to NCUA Call Reports.

"Serving as president and CEO of Langley Federal Credit Union has been the most rewarding experience of my career.” Ryan said in a prepared statement.

Tom Ryan

“As I prepare for retirement, I am confident that Langley will build on the strong foundation we’ve created together to support Langley in its continued success for years to come.”

Langley’s board of directors expressed their deep gratitude for Ryan’s leadership.

"Tom’s dedication has transformed Langley into the strong organization it is today," Board Chair Dr. Audrey Douglas-Cooke said. "His ability to foster a collaborative, high-performance culture has been exceptional, and we are grateful for his impact at Langley."

The credit union’s 684 employees operate 21 locations.

Langley is Virginia’s third-largest credit union by assets.

Contact Peter Strozniak at [email protected]

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