Jerry Cross, longtime president CEO of One Credit Union, a $142 million-asset institution based in Springfield, Vt., will retire at the end of February.
Cross has been with the credit union for 32 years. When he began his career in 1985, the credit union had only $1.8 million in assets and 1,400 members. (t now has more than 16,000 members.
In the wake of the 2008 national economic downturn, One CU noted, Cross recognized that small credit unions were “collapsing under the weight of increased regulatory burdens along with consumers’ unbridled demand for the latest electronic delivery channels.” That insight led to mergers with both United Community Credit Union and Champlain Valley Credit Union, with One CU as the surviving entity.
“Helping people as they come in the door and working with great people behind the scenes. I’ve been blessed,” Cross said of his departure.
