1st MidAmerica Credit Union announced that President/CEO Don Reedy will retire at the end of May this year, ending a 35-year career with the organization. The 1st MidAmerica board of directors has selected EVP/Chief Operating Officer Alan Meyer to be Reedy's successor, effective June 1.
"I am grateful for the opportunity to lead 1st MidAmerica, and have enjoyed working with the employees who provide outstanding service to our members," Reedy said. "1st MidAmerica will remain under excellent leadership with Alan Meyer."
During his tenure, Reedy has overseen an expansion of services offered by 1st MidAmerica, which is based in Bethalto, Ill. Reedy joined the credit union–then called Olin Employees Credit Union–in 1978 as a collections manager. At the time, the credit union had $15 million in assets and served 7,751 employees of Olin Corp. 1st MidAmerica has since grown to $482 million in assets, with 175 employees and more than 45,000 members.
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