Utilities Employees Credit Union said long-time President/CEO Glen Yeager will retire 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 announcement Monday.
Along with call center services, UECU has been a leader in electronic services, launching banking by mainframe computer in 1993, touch-tone phone banking in 1994 and online home banking in 2001, the UECU announcement said.
Yeager will be succeeded by current EVP Patricia Zyma, the announcement said.
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