After 40 years of service, Monroe County Community Credit Union President/CEO Paul Assenmacher will retire effective April 1, 2011.

During his tenure, the Monroe, Mich.-based credit union grew from eight employees, approximately 2,800 members and $4 million in assets to 68 employees, more than 30,000 members and $143 million in assets.

"I am extremely proud of the growth of the credit union while I have been CEO, particularly the three mergers we've executed and the construction of the main office on Telegraph Road that opened in 1997," Assenmacher said. "I am confident in the management team and our succession plan will ensure the continued high quality of service and products that meet the needs of the membership. I am thankful for the support and direction of our board of directors who are willing to adopt new services and implement cutting edge technology which only benefits our members."