Utilities Employees Credit Union said its long-time president/CEO, Glen Yeager, will retire on Oct. 1.

Yeager took over the $80 million UECU in 1987 and shepherded its growth to its current $1.1 billion in assets and 44,000 members, serving employees and families of public utilities and energy sector companies in all 50 states from a single office in Wyomissing, Pa.

"Together we've honed a low-cost, virtual credit union model that allows UECU to pay members some of the highest savings rates and rewards of any institution in the country," Yeager said in the July 7 announcement.

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