NEWARK, Ohio — After 12 years at the helm, Fred Longstreth said he will retire July 1 as president/CEO of Fiberglas Federal Credit Union.
Under Longstreth's watch, the credit union grew from $38 million in assets to $100 million and from 8,600 members to more than 17,000. Twenty-one employees worked at Fiberglas when Longstreth came aboard. Today, there are 52 employees. Jay Young, a former senior vice president at BMI Federal Credit Union, will succeed Longstreth.
Longstreth won't be going too far. He said he plans to serve as a consultant with Stephens Professional Service Group, which is affiliated with the credit union.
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Founded in 1940 by employees at Owen Corning, the credit union's membership now includes more than 140 select employee groups.
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