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In a season of farewells, we must bid one more to long-time credit union movement leader, Mike Mercer. On Dec. 12, 2019, the LSCU Board of Directors voted to accept the request of LSCU President Mike Mercer to retire early from the organization, effective Dec. 31, 2019.
Mike has enjoyed a long and successful tenure as CEO of the Georgia Credit Union League and made numerous contributions to the credit union movement throughout his career, most recently earning a soon-to-be-recognized induction into the Cooperative Hall of Fame by the National Cooperative Business Association in the spring of 2020.
Mike’s decision to retire early was primarily based on his desire to reduce financial pressure on the organization, freeing up additional resources to enhance member value sooner than later. He has agreed to remain with the LSCU through 2020 as a consultant to ensure a smooth transition during the LSCU’s first full year post-consolidation. In this role, he will not be involved in the day-to-day operations of the League or have a physical presence in the office, but instead will assist in membership relations activities within the state of Georgia.
Despite Mike’s early retirement, please know the strategic consolidation is progressing as planned and increased value has already been felt by many of our credit unions with several new enhancements expected in 2020. The increased scale, expertise and resources generated by this merger have positioned the LSCU & Affiliates for enhanced advocacy, compliance services, revenue growth and long-term sustainability.
Change is never easy, and Mike will be missed sorely, however this is still a time of great opportunity, and the LSCU board is excited about the future of the organization. There is much promise for all credit unions within the three states.
Please join us as we congratulate Mike on his retirement and wish him well in his future endeavors. And as always, thank you for being a part of the LSCU & Affiliates and allowing us to serve you!
