Pete Gates, president and CEO of Michigan Schools and Government Credit Union in Clinton Township, Michigan, will retire at the end of 2022.
The $3.1 billion-asset credit union said in a press release Monday that it hired D. Hilton Associates to conduct a nationwide search to find Gates’s successor.
Gates has been the credit union’s CEO since 1998.
“Pete has supported the mission of MSGCU during his tenure as CEO, with growth to $3 billion in assets and over 135,000 members,” Chairman William Cayen said in the press release. “We have had the benefit of his exemplary leadership for over two decades.”
Michigan Schools and Government Credit Union earned $7.5 million in the first three months of 2022, a 25% decrease from a year earlier, according to call report data from the National Credit Union Administration.
