Two Long-Time CEOs, Fleming, Lancaster, Plan Retirements

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Two long-time CU CEOs are stepping down.

Laura Fleming, the CEO of Founders FCU the past 26 years, is hanging it up after 41 years at the credit union she helped build into the state's largest.

Fleming began work right out of high school at nearby Bank of Lancaster, before moving over to the affiliated credit union in 1961. Col. Elliott Springs, owner of the local Springs Cotton mills, founded both the bank and the credit union, when he discovered his workers were being cheated by loan sharks.

Fleming was named manager of the credit union in 1976 and oversaw growth to $840 million in assets.

In Cleveland, Ohio, meanwhile, Dave DeCrane has retired as president of Telephone Credit Union after 18 years. When DeCrane joined the credit union it had $44 million in assets; today it has $86 million in assets and serves 120 sponsor groups. Robin Thomas, VP-lending, has been named acting CEO.

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