Utilities Employees Credit Unionsaid long-time President/CEO Glen Yeager will retire Oct. 1.
Yeager took over the $80 million UECU in 1987 and shepherded itsgrowth to its current $1.1 billion in assets and 44,000 members,serving employees and families of public utilities and energysector companies in all 50 states from a single office inWyomissing, Pa.
|“Together we've honed a low-cost, virtual credit union modelthat allows UECU to pay members some of the highest savings ratesand rewards of any institution in the country,” Yeager said in theannouncement Monday.
|Along with call center services, UECU has been a leader inelectronic services, launching banking by mainframe computer in1993, touch-tone phone banking in 1994 and online home banking in2001, the UECU announcement said.
|Yeager will be succeeded by current EVP Patricia Zyma, theannouncement said.
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