The board of directors of First Corporate Credit Uniontoday announced that CEO Pete Pritts has submitted his resignation,effective immediately.
“We are all very sad, but Pete decided it was time for a newopportunity,” said FirstCorp COO Stacy Glidden. “Pete had broughtus to a point where he felt it was time to move on.”
Pritts, 49, wrote in his resignation letter, “It has been anamazing 24 years working for credit unions. I am leaving awell-capitalized FirstCorp in compliance with Part 704 of theCorporate Regulation and a sound 6% leverage ratio.”
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