LANCASTER, S.C.—Leadership at the state’s largest federal credit union has been thrown into uncertainty after Founders Federal Credit Union confirmed that its president and CEO-in-waiting, Keith Wilson, is no longer with the organization—just weeks before he was set to take over as chief executive, Yahoo News reported.
Wilson, a 25-year veteran of the $5-billion credit union, had been slated to succeed longtime CEO Bruce Brumfield in January. But Founders spokesperson Nicki Nash confirmed his abrupt departure, first reported by The Lancaster News, and said Brumfield will now remain in the role despite previously announcing his retirement, Yahoo News said.
Founders, serving more than 273,000 members across nearly 50 branches in the Carolinas, removed its January announcement naming Wilson as successor from its website. Two board members contacted by reporters declined to comment.
In a brief statement, the credit union thanked Wilson for his service and said Brumfield would continue as CEO at the board’s request. Brumfield, who has led the institution for two decades, could not be reached for comment, Yahoo News said.