Suncoast CU announced the retirement of President/CEO Tom Dorety, effective the end of 2016. Dorety has been with the Tampa, Fla.-based credit union since 1988, becoming president/CEO in 1996.
CUNA President/CEO Jim Nussle thanked Dorety for his decades of dedication, service and leadership of the credit union movement. He also praised Dorety for his passion and commitment to Florida’s educational community and to the ideals of community development financial institutions (CDFI).
Suncoast CU has $7.5 billion in assets and more than 700,000 members. It is the largest credit union in Florida and the largest CDFI in the nation.
“It has been an honor to serve our members and help Suncoast become such an integral part of our communities,” said Dorety. “I am confident that the board will select the right individual to lead Suncoast to an even brighter future.”
Upon the announcement, League of Southeastern Credit Unions President/CEO Patrick La Pine said, “Tom’s leadership on the local, state, and national levels has changed the credit union movement for the better. He has never lost sight of the cooperative model or spirit, and the culture he fostered during his time at Suncoast strongly reflects this.”
The league also announced that Dorety will receive the 2016 LSCU Distinguished Service Award and be inducted into the Credit Union House Hall of Leaders in Washington, D.C.
Said Suncoast CU board Chair Velia Pedrero: “Tom Dorety’s commitment to helping Suncoast meet its full potential in improving members’ lives has been remarkable.” The board is in the process of selecting Dorety’s successor to be announced this fall.
Dorety, who began his credit union career in 1975 at State Employees CU, Raleigh, N.C., received a Herb Wegner Memorial Award for Lifetime Achievement in 2012.
He served on the CUNA board from 2001 to 2011, was board chair from 2008 to 2009, and chaired the 2015 CUNA task force on structure and governance. Dorety also has served on the boards of the Filene Research Institute, the National CEO Roundtable, MEMBERS Trust Co., National Credit Union Foundation, CO-OP Financial Services Network, Hillsborough County Education Foundation, and All Children’s Hospital.