MARLBOROUGH, Mass. (6/5/13, UPDATED 2:35 p.m. ET)--President Daniel F. Egan, Jr. of the Massachusetts Credit Union League, New Hampshire Credit Union League, and the Credit Union Association of Rhode Island, has announced that he will retire on Dec. 31.
Egan said he will be retiring as the president and CEO of the three trade groups as well as New England Credit Union Services, the jointly owned firm which manages and provides services to the three trade associations.
Credit Union National Association President/CEO Bill Cheney said of Egan, "Dan's long service for credit unions, and particularly his leadership at the state and national levels, has strengthened and enhanced the credit union movement at all levels. While he will be retiring from the movement, his legacy of service and contributions to the movement will no doubt stand for years to come."
Massachusetts Credit Union League Chairman David Surface added that Egan will be greatly missed: "He has been many things to many people in our credit union community: a leader, an innovator, a consensus builder, and a trusted advisor, to name a few."
He went on to say, "Fortunately, he has constructed a tremendous foundation and we are confident that his successor will build on the many accomplishments we have seen under Dan's leadership." Surface is the president of St. Jean's Credit Union in Lynn, Mass.
Egan reflected on his 32-year career in the credit union movement, saying, "It's been a true privilege to assist the credit unions in Massachusetts, New Hampshire, and Rhode Island in their mission to provide outstanding financial services. I'm proud to have had a part in this great cooperative effort to improve the financial lives of working families."
A committee comprised of members of the boards of the credit union trade groups from the three states has selected O'Rourke & Associates, a consulting firm headquartered in South San Francisco, Calif., to conduct a search for a new leader. The firm will begin recruiting immediately and interested individuals should contact Mike Juratovac, chief executive officer of O'Rourke & Associates.