TICONDEROGA - A change in leadership is coming to the Ticonderoga Federal Credit Union.
Gregory D. Johnson, president and CEO, is retiring April 5.
Shawn M. Hayes has been named to replace him.
Johnson has spent more than forty years in financial service management, the past nine as president and CEO of Ticonderoga Federal Credit Union. In addition to his administrative duties, Johnson is also an elected director of the credit union, serving as Treasurer.
Ralph J. Corbo, chairman of the board of directors of TFCU), said, "The board accepted Greg's retirement with regret and we thank him for his outstanding leadership."
Johnson remarked Ticonderoga has become his home and that he and his wife, Carol, intend to spend their retirement years locally.
"I am grateful for the well trained and dedicated staff and management team for these years, and the loyalty of the board and membership for the opportunity to have been part of the most dynamic growth in the history of our credit union," Johnson said.
"I believe our success has been in living our mission statement which is to enhance the lives of members by offering a full range of convenient and economic services while maintaining financial security," he said. "I do believe that our best years are yet to come,"
Following multiple board meetings held over several weeks, the TFCU board of directors selected to be the next president and chief executive officer.
Hayes has 15 years experience in management, the past 11 at TFCU serving as chief financial officer, human resource director and member of its management team. He holds a dual bachelor's of science degree in accounting and business administration and earned the professional designation of Certified Credit Union Executive through the auspices of the Credit Union National Association (CUNA). He also carries the professional designation of Certified Credit Union Compliance Expert.
"We are pleased to have someone with Shawn's strong background in accounting and asset liability management as president and CEO as we navigate the current economic challenges," stated Corbo.
Hayes commented, "I am honored to have been selected to lead our credit union in the next stage of our growth and pledge to continue our philosophies and commitment to quality to fulfill and exceed our mission."
Established in 1954, Ticonderoga Federal Credit Union has been serving the needs of its members for 57 years. It currently operates three offices at 1178 NYS Route 9N in Ticonderoga, 43 Meacham St. in Port Henry, and 7519 Court St. in Elizabethtown. For more information on becoming a member of the TFCU, go to www.tfcunow.com