TALLAHASEE, Fla. – Southeast Corporate FCU announced yesterday that William Birdwell, its president and CEO since 2001, will retire in February, when he turns 65.
Birdwell has had executive positions with several corporates over a 30-year career, including chief operating officer for WesCorp FCU, president of Volunteer Corporate FCU and assistant manager at Southwest Corporate FCU, before going to Southeast.
Birdwell’s retirement comes as Southeast has been battered by its investments in private-label mortgage-backed securities and losses related to its capital in U.S. Central. The $3.6 billion corporate reported a $24.4 million loss for 2008 and a $79 million loss for the first half of 2009. At mid-year, Southeast had $154.9 million of unrealized losses on its investments.
