Steve Pierson is retiring on June 30 as president/CEO of the $148 million BluCurrent Credit Union in Springfield, Mo.

Pierson has been with the former Postal Federal Employees Credit Union since 1975 and its president/CEO since 1977.

He is only the second president in the 18,900-member credit union's 84-year history and will be succeeded by current Executive Vice President Craig Tabor, the credit union's board said in its announcement on Tuesday.

Under Pierson's leadership, the credit union has grown from one branch and $8 million in assets to its current $148 million in assets and six branches, including three in Springfield.

BluCurrent underwent a name change from Postal Federal Community Credit Union in 2011 and now is open to anyone living or working in 10 southwest Missouri counties.

“I hope by my actions over the last 38 years, I've served our members well and brought value to them and their families,” said Pierson, who said he plans to spend more time with his wife and eight grandchildren.

Tabor has been with BluCurrent since 2004. His 23 years of experience also include stints as area manager for Ent FCU in Colorado Springs, Colo., and vice president of operations for Qualtrust CU in San Angelo, Texas, BluCurrent said.

“I consider it a tremendous honor to be chosen to help lead such a great credit union. I'm so thankful for all Steve has done to prepare me for this transition – I'm definitely going to miss seeing him in the office,” Tabor said in the credit union's announcement.