TAMPA, Fla. — Suncoast Credit Union announced that President and Chief Executive Officer Tom Dorety is retiring.
The $7.5 billion-asset credit union said Thursday that Dorety will retire at the end of 2016, and that his successor will likely be named this fall.
Dorety joined Suncoast in 1988 as senior vice president, a position he held until 1996, when he was named the credit union's third president and CEO. Previously, Dorety worked at North Carolina's State Employees' Credit Union, serving as loan officer, branch manager, regional vice president and senior vice president of staff development from 1975 to 1988.
Dorety also served as a board member of the Filene Research Institute from 1998 to 2005, and was chairman of the board at Credit Union National Association from 2008 to 2009.
"Tom Doherty's commitment to helping Suncoast meet its full potential in improving members' lives has been remarkable," Suncoast Chairman Velia Pedrero said in a press release. "What's even more impressive is his steadfast dedication to the credit union movement overall, grounded in firm convictions about what a financial institution should bring to its members, its employees and its community at large."
Suncoast is the largest credit union in Florida, with 60 branches across 21 counties, and the nation's largest Community Development Financial Institution, according to the CU.
