McCants Steps Down at IBM Southeast Employees
Lary McCants is calling it a career.
After more than 20 years at the helm of IBM Southeast Employees Federal Credit Union, McCants has retired from the credit union he originally joined as its 64th member in 1969.
McCants was a 21-year employee of IBM when he left the company in 1988 to become executive vice president of operations at the credit union in Boca Raton, Fla.
He became president/CEO of IBM Southeast EFCU in 1993 and oversaw its growth through six mergers to now total $834 million in assets. The credit union serves 72,300 members through 15 branches in South Florida and metro Atlanta and a growing network of social media, mobile banking and electronic services.
McCants said he intends to continue his industry activities, which have included serving on the boards of CUES and Florida Shared Services Inc. and political action activities with the Florida Credit Union League, now the League of Southeastern Credit Unions.
“After more than 25 years of service at the credit union it is time for my wife of 44 years, Patricia, and I, our children and grandkids to close this chapter in our lives.” McCants said in a statement released by the credit union on Tuesday.
“I am leaving IBM Southeast EFCU in very capable hands,” McCants added.
He has been succeeded by Michael L. Miller, who had been vice president and chief operations officer at the $1.4 billion Indiana Members Credit Union in Indianapolis.