The 7,500-member HealthNet Federal Credit Union in Cordova, Tenn., said Mike Haggard is retiring in July after 24 years in that position.

He will be succeeded by Bill Whitten, who has been a vice president at HealthNet FCUY for the past 15 years, the credit union's board said.

“Mike has been instrumental in guiding HealthNet from a small, one-office credit union to a $46 million operation with four locations in the Memphis area,” the board said in a statement.

“The members and staff of the credit union have benefited from his remarkable dedication and leadership.  He taught us through his example about the credit union philosophy of 'people helping people,'” the board said.

Haggard has been in credit union leadership positions for the past 38 years, including with the Tennessee Credit Union League and Volunteer Corporate Credit Union, the statement said.

Whitten also has more than 35 years of financial services experience and has a bachelor's degree in business administration from Christian Brothers University and his MBA from the University of Memphis, the HealthNet FCU statement said.

HealthNet FCU serves health care providers in Tennessee, Arkansas and Mississippi.