The $277 million Heartland Credit Union in Springfield, Ill., said Tuesday that President/CEO Ed Gvazdinskas will retire next February after 38 years of service.

He will be succeeded by current COO Tom Lex, who has been with Heartland CU for 33 years, the Illinois credit union said in an announcement.

Gvazdinskas joined the former Sacred Heart Credit Union as an assistant manager in 1975 and named president/CEO in 1983 when it stood at $18.5 million in assets. He has led the organization through four mergers and growth from 9,000 to its current 26,800 members, the announcement said.

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