The 7,500-member HealthNet Federal Credit Union in Cordova,Tenn., said Mike Haggard is retiring in July after 24 years in thatposition.

He will be succeeded by Bill Whitten, who has been a vicepresident at HealthNet FCUY for the past 15 years, the creditunion's board said.

“Mike has been instrumental in guiding HealthNet from a small,one-office credit union to a $46 million operation with fourlocations in the Memphis area,” the board said in a statement.

“The members and staff of the credit union have benefited fromhis remarkable dedication and leadership. He taught usthrough his example about the credit union philosophy of 'peoplehelping people,'” the board said.

Haggard has been in credit union leadership positions for thepast 38 years, including with the Tennessee Credit Union League andVolunteer Corporate Credit Union, the statement said.

Whitten also has more than 35 years of financial servicesexperience and has a bachelor's degree in business administrationfrom Christian Brothers University and his MBA from the Universityof Memphis, the HealthNet FCU statement said.

HealthNetFCU serves health care providers in Tennessee, Arkansas andMississippi.