Joseph L. McGee, president and chief executive of Legacy Community Federal Credit Union in Birmingham, Alabama, plans to retire in March.
Legacy, with over $600 million of assets, announced that McGee will be succeeded by current chief operating officer Glenn Bryan effective this month. McGee will remain with the credit union as CEO emeritus to assist the transition before his formal retirement.
“This is a time of important transformation within our industry, and starting the process of passing the torch to Glenn and his team is the right decision at the right time…while it is bittersweet to announce my retirement, I do so with great pride in all we have accomplished together for those we serve and with the complete confidence that Legacy’s best days are ahead,” McGee said in a press release on Jan. 11.
McGee joined the institution in 1991 as senior vice president of finance. Since becoming CEO in 1999, he has led the credit union — originally called University Federal Credit Union — through a rebranding and charter change in 2006 and grown its pool of assets from $70 million to over $600 million.
“Joe has certainly moved our organization forward and built a foundation that should position Legacy for success for many years to come … I am honored and humbled that the board of directors has asked me to accept the appointment as Legacy’s new president and CEO,” Bryan said in the release.
