COLUMBUS, Ohio – Western CU said its longtime CEO Tom Furrey retired Dec. 31 as the $65-million credit union has signed a management agreement with Powerco CU, a $60-million Columbus credit union, under which Michael Shafer, president of Powerco, will manage Western CU.
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Furrey was CEO at Powerco for 11 years, from 1981 to 1992, and Shafer worked at Western for 10 years from 1989 to 1999.
Furrey headed Western CU for the past 20 years and worked in the credit union industry for 38 years.
