Crear to Retire from WOCCU

Trade association CEO to leave after annual meeting.

April 27, 2011

World Council of Credit Unions (WOCCU) President/CEO Pete Crear has announced he’ll retire following the World Credit Union Conference in Glasgow, Scotland, in July.

Crear, who has held the top post in the global credit union trade and development organization since June 20, 2005, will leave the organization in early August.

Under Crear's leadership, WOCCU significantly expanded not only its membership, but its influence in credit union development worldwide. WOCCU has launched development programs in Ethiopia, Haiti, Peru and other countries, as well as seeing its development program in Afghanistan grow significantly.

During Crear’s tenure, WOCCU convened its first technical congresses to train credit union managers in Africa, Latin America, and the South Pacific. WOCCU also launched the European Network of Credit Unions, the International Credit Union Regulators' Network and the Global Women's Leadership Network, a peer-to-peer and educational network that brings together women credit union leaders from both developed and developing countries.

During his six years at WOCCU’s helm, the organization successfully lobbied on behalf of member organizations in Costa Rica, Poland, and other countries, and helped foster the passage of credit union legislation in Kenya and Malawi.

The organization also represented the global credit union movement before the United Nations, the Basel Committee on Banking Supervision, the International Accounting Standards Board, and other international monetary organizations, successfully making the case for proper regulatory oversight on behalf of credit unions worldwide.

“When I first began as a junior auditor with the Michigan Credit Union League in 1965, I had no idea that I would one day find myself here,” said Crear, a Detroit native. “I am honored at the faith the board has shown in me over the years and humbled by the good work that we have been able to do as part of WOCCU's mission of service.”

In 2008, the Foundation for Polish Credit Unions awarded Crear the Feniks Prize, the Polish system’s most prestigious award, for WOCCU’s efforts to strengthen credit unions in Eastern Europe.

In 2007, he earned the Michigan Credit Union League’s (MCUL) Distinguished Service Award and was inducted into the MCUL Hall of Fame. In 2006, the Consumer Federation of America awarded him the Esther Peterson Consumer Service Award.