MUSKEGO, Wis. – Bob Fouch, president and CEO of Corporate Central Credit Union for 25 years, announced his retirement Thursday.
Chris Felton, who has been serving as the corporate CU's executive vice president, was appointed interim president and CEO by Corporate Central's board of directors.
"We expect a smooth transition," the board said in a statement. "Corporate Central Credit Union has always focused on how we can help our members fulfill their mission of people helping people."
Felton added, "Having spent 20-plus years serving the members of Corporate Central Credit Union and working side by side with the absolute best 'credit union people' on the planet, I am honored to lead Corporate Central Credit Union in the interim with a tremendous team of talent with a worthwhile mission."
"While Bob will genuinely miss all of the wonderful relationships that have been built over the course of his tenure at Corporate Central Credit Union, he looks forward to being able to spend more time with his loving wife, his two beautiful daughters, and of course, his grandchildren," the CU said.
Fouch said, "It has been an honor and a privilege to serve our members. Corporate Central Credit Union has been, and always will be, a reflection of its members – strong, collaborative, and caring. Corporate Central Credit Union will continue to thrive at the will of the members, as it should be."
Kim Sponem, president and CEO of $2.3 billion Summit CU, Madison, Wis., and Corporate Central's chairman, remarked, "Bob has been instrumental in building and maintaining the financial strength of Corporate Central through some very challenging economic circumstances. Members have always come first to Bob. The entire board of directors thanks Bob for his unwavering commitment to members and wish Bob a long, healthy, well-deserved next chapter."
