Corporate One FCU names new CEO

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Melissa A. Ashley has taken the helm at Corporate One Federal Credit Union in Columbus, Ohio, following the retirement of former CEO Lee C. Butke.

Ashley first joined the $2.65 billion-asset Corporate One in 1999 and moved up the corporate ranks in various positions of increasing responsibility. Most recently, she served as its executive vice president and chief financial officer.

Butke will support “an effective and orderly transition” as consultant to the board in the coming months.

“Melissa was selected by the board because we believe she has the vision, experience and passion for credit unions that make her the ideal person to continue Lee Butke’s legacy of dedication to the needs of credit unions, innovation, and commitment to the movement,” said Lee Powell, chairman of Corporate One’s board and president and CEO of the $334 million-asset DESCO Federal Credit Union of Portsmouth, Ohio.

Chris Rutledge, president and CEO of the $672 million Gulf Winds Federal Credit Union of Pensacola, Florida, and chairman of Corporate One FCU’s CEO search committee, commented that, following an extensive nationwide search, “we are certain and thrilled we have selected the best candidate from the myriad applications and resumes we reviewed.”

Ashley is a CPA and serves on the board of directors of four of Corporate One FCU’s credit union service organizations.

“I look forward to working with Messrs. Butke, Powell, the entire board of directors and all of my colleagues on a seamless transition and, as we move forward, to helping our members compete with secure, innovative, and competitive products and services, putting them in the best possible position for present and future success,” Ashley said. “We are committed to providing essential investment, funding and payment services, and to developing leading-edge services that help our members address the disruptors of today’s environment such that they continue to grow and meet their members’ evolving needs.”

Ashley spoke with Credit Union Journal earlier this summer to discuss Corporate One's involvement with brewery-based advocacy and professional development sessions for young credit union professionals.

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