GERMANTOWN, Md. – MidAtlantic FCU, a former IBM credit union, said Charles Thomas, its president and CEO for the past 32 years, retired at year end and was succeeded by Rick Wieczorek.
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Thomas built the credit union, which originally served employees of IBM in the Washington, D.C., area, from just $4 million in assets, to more than $200 million in assets and 22,000 members.
Thomas was the founding chairman of the multi-credit union owned CU Auto Lending Network, the long-time president of the Alliance of CUs (formerly the League of IBM Credit Unions), and currently is on the board of NAFCU.
Wieczorek is a vice president at MidAtlantic and is the son of the former president of the D.C. CU League.
