Business leadership and development concept. Businessman drawing growth arrow on chalkboard.
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.
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.
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]
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.