DALLAS—City Credit Union President and CEO Sharon Scearce will retire from the organization Sept. 30 after 21 years of service to the organization, the CU announced.
CFO David Frith has been appointed president effective Aug. 1, and will become president and CEO on Oct. 1.
“Leading City Credit Union has been the honor of my career,” said Scearce. “I’m proud of what we’ve achieved together and confident City CU will continue the same commitment to member service going forward.”
Under Scearce’s leadership, City CU grew to over $650 million in assets, expanded the field of membership, enhanced the products and services portfolio, added memberships, grew loans and achieved numerous awards for member and employee satisfaction. Improving the employee culture at City CU was one of Scearce’s most significant accomplishments, and that produced the growth, innovation and high member satisfaction levels, the organization said.
"I want to extend our deepest gratitude to Sharon for her exceptional leadership and unwavering commitment to our members, employees and community,” said Alan Richardson, chairman of city cu’s board of directors. “Sharon’s legacy will be innovation, growth and service.”
“It’s an honor to be chosen to lead the great team at City CU,” said Frith. “We appreciate Sharon’s leadership helping City CU grow and create a great culture of service for our staff and our members. I look forward to working with our team and board of directors to build on that legacy and to provide innovative financial solutions to meet our members’ needs for many years to come.”