CEO of Vermont's Largest State-Chartered Credit Union Plans Retirement

MONTPELIER, Vt., July 18, 2013 /PRNewswire/ -- VSECU publicly announced today that planning has begun to choose a successor to the current CEO, Steve Post, who is planning to retire after 23 years of leadership at the largest state chartered and only statewide credit union in Vermont. 

Mr. Post was appointed Chief Executive Officer in 1990 and previously held the position of General Manager at the White River Credit Union in Rochester, Vermont.  Post served as Chairman of the Association of Vermont Credit Unions Government Relations Committee and has been an active and local voice working with regulators and legislators to ensure a place for financial cooperatives in Vermont.  

"A lot has changed in 30 years in financial services.  We're fortunate to live in a state where collaborative thinking and efforts of our members, volunteers, lawmakers and regulators have protected and enhanced the accessibility of cooperative financial services for all Vermonters," said Post.

Under the leadership of Post, the credit union grew from $80 million to over $600 million in assets, expanded its field of membership from an employee to community based credit union, grew membership to over 50,000 members and expanded branch operations to 7 locations around the state while developing a full service online distribution channel.   

"It's been a privilege to lead this organization.  Now it's time for me to move on and transfer this solid foundation to the next generation of leadership.  I know the future is bright for VSECU and I look forward to working with my successor and helping him or her through a smooth transition," said Post.

The board of directors retained the services of Cope & Associates, Burlington, Vermont, and several months ago began the process of working with Post and the senior executive team in preparation of succession planning and a transition to a new CEO.  The board will now begin the process of recruiting and identifying qualified candidates for the job.

"Over the years Steve has demonstrated a strong commitment to the ideals of credit unions.  His leadership, vision and commitment to the members of VSECU have been extraordinary and unwavering," said M. Jerome Diamond, Chair of the VSECU board of directors.

VSECU is a not-for-profit financial cooperative, which offers a full range of affordable financial products and services to its member owners. For more information about VSECU, call 802/800 371-5162 or visit www.vsecu.com.

SOURCE VSECU