Jeff March, president and CEO of Citadel Credit Union in Exton, Pennsylvania, will
The $5.7 billion-asset credit union said March will stay on until his successor is named later this year, although the exact timing is uncertain.
March began working at Citadel in 1983 and has been in his current leadership role since 2001.
"In 22 years as CEO, every expectation I've had for this company has been exceeded — whether it be financial, technology, growth of our team or investing back in our members and community. I have every confidence Citadel is on a path to even greater growth and success," March said in a
Under March's leadership, last year Citadel launched a
The credit union has hired Kaplan Partners to conduct the search for its next CEO.
Citadel is one of the largest credit unions in the Philadelphia area with more than 250,000 members and nearly 600 employees. It serves residents of Bucks, Chester, Delaware, Lancaster, Montgomery and Philadelphia counties.
Citadel reported net income of $11.6 million in the first quarter, a 32% decrease compared with a year earlier, according to call report data from the National Credit Union Administration.
