WEST LAFAYETTE, Ind. — After 12 years as Purdue Employees Federal Credit Union CEO William F. Connors will retire effective July 1, 2008.

Connors will provide consulting services to PEFCU through December 31, 2008.

Since joining PEFCU, Connors has worked to bring the credit union closer to its business partners. Special attention has been paid to the credit union's largest and original partner–Purdue University–by providing exclusive ATMs in campus residence halls and increased branching and other member touchpoints around the Greater Lafayette community. Connors also encouraged the active involvement of PEFCU and its staffers in community affairs through time and financial contributions to Greater Lafayette United Way and other deserving area nonprofits.

Stepping in as the credit union's fifth CEO will be Bob Falk, a six-year PEFCU employee who has been serving as president and chief operating officer.