Dave Osborn, president/CEO of the $1.4 billion Anheuser-BuschEmployees' Credit Union in St. Louis, announced Wednesday he willretire in March after 23 years of service.

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Under Osborn's leadership, ABECU grew from $253 million in assets with 13 branches to morethan $1.4 billion in assets with 30 branches across the nation.

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Robert McKay, EVP/COO of the $1.9 billion Baxter Credit Union inVernon Hills, Ill., will succeed Osborn as ABECU's new CEO,according to the credit union.

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Osborn served on an array of industry boards of directorsincluding the Defense Council of Credit Unions, Missouri CorporateCredit Union, CO-OP Financial Services, CU Advisory Board forEnterprise Car Services and the Indiana Corporate Credit Union.

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“The most pressing matter is to get my office cleanedout. After 23 years, you can really collect a lot of junk,”Osborn told CU Times. “Our credit union is in pretty goodshape. I'm just trying to create a smooth transition for thenew CEO so he is able to catapult the credit union into thefuture.”

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Osborn also won the CO-OP Financial Services 2014 Founders'Award.

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“Through his dedication to helping our members reach financialsuccess, Dave has led the credit union through landmark growth andsuccess,” Dan Vogler, ABECU EVP, said. “We appreciate hisleadership, dedication to the communities we serve, and developmentof the credit union's culture, and he will be misseddearly.”

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