Karen Church, longtime chief executive of Elga Credit Union in Burton, Michigan, is set to retire this month.
The $1.2 billion-asset credit union announced that Church, who has been with Elga since 1974 and CEO since 1993, will step down Feb. 25. Terry Katzur, who is currently executive vice president, will succeed Church as president and CEO on Feb. 26.
“I am fortunate to have this opportunity to lead Elga Credit Union into the future, while continuing the legacy and culture that has made this organization a special place for our members and associates,” Katzur said in a press release Tuesday.
Under Church’s tenure as CEO, Elga grew from 18 employees and $32 million of assets to more than 250 employees and $1.2 billion of assets.
After her retirement, Church will continue her community work by assisting the projects of Catholic Charities and the newly founded Elga Credit Union Foundation for Impact.
