Royal Credit Union President/CEO Charlie Grossklaus has announced plans to retire from the Eau Claire, Wis.-based credit union effective Jan. 2, 2012.
During his 40 years with the credit union, Grossklaus has served as president/CEO for 26 years. Under his leadership RCU has grown from $100 million in assets, 100 employees and six branches to $1.2 billion in assets, 582 staffers and 25 branches that serve 18 counties in Wisconsin and 12 counties in Minnesota. The purchase of 11 AnchorBank offices in 2010 helped make Grossklaus' vision of reaching $1 billion in assets into a reality.
"Charlie has been RCU's rock, he has continuously upheld RCU's philosophy of members first throughout his tenure," said Doug Olson, RCU board chair. "Charlie is genuinely approachable, caring and committed to RCU members and the communities we serve. His contributions to RCU and the community have been extremely impactful and through his tireless efforts and dedicated leadership he has set RCU up for much success in the future."
Although ready to meet the 2011 goals set by the board, don't think the credit union's second CEO since its founding has plans to take it easy.
"We have a busy year ahead of us, and I'm anxious to keep our momentum going," said Grossklaus.
A national search is under way for a new CEO.