PEMBROKE PINES, Fla. — Henry Prior, president/CEO of Power Financial Credit Union, retired March 31 after 10 years at the helm.
A successor has not been named, according to the credit union. Prior joined Power Financial in 1996 when the CU was operating under the name FPL Federal Credit Union. During his tenure, Power Financial has grown from $196.6 million in assets and three branches serving 38,000 members to $495 million in assets, 11 branches and serving nearly 60,000 members in Miami-Dade, Broward and Palm Beach counties. "Anyone who has worked with me knows how much these years in the industry have meant to me," Prior said. "I leave with an enormous sense of pride and accomplishment, and with a thankful heart for the good fortune of being a part of such an outstanding organization."
Prior, who has served in the financial services industry for 35 years, was instrumental in the October 2006 merger between the CU and Pan Am Horizons Federal Credit Union.
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Prior served on several boards including at Florida Credit Union Shared Services, FCUL Service Group and South Florida Acceptance Company L.L.C. He also served on several Florida Credit Union League committees.
"Prior has been the driving force in moving Power Financial into new areas of opportunity always offering his vast financial expertise, sound judgment and strategic guidance," said Leman Murray, chairman of Power Financial's board of directors. "He will be remembered as one of the leaders in changing the region's credit unions from small, employee-focused, company-operated organizations to today's vibrant and dynamic financial powerhouses offering membership to almost everyone."
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