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.

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.

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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