MILWAUKEE—The $7-billion Landmark Credit Union has named Timothy Mackay president and chief executive officer, effective Oct. 13.
Mackay succeeds Jay Magulski, who shared his plans to retire from Landmark earlier this year. Magulski has led Landmark Credit Union for the past 12 years as president and CEO.
Timothy Mackay
"We've concluded a thoughtful, nationwide search with the help of Korn Ferry, a global executive search firm, to identify Landmark's next president and CEO," said Brian Dorow, chairperson of Landmark's board of directors. "We set out to find the right leader – someone who could drive growth, implement strategic change as needed, support and evolve the member experience and uphold the culture, mission and values that make Landmark Credit Union so special. We feel confident that Tim is the ideal candidate with the right style of leadership to fill the president and CEO role."
Mackay brings to the role three decades of financial industry experience and a track record of exceeding growth objectives, improving operational efficiencies, embracing emerging technologies and evolving products and services to stay at the forefront of the industry, the CU said.
Mackay joins Landmark from First Merchants Bank in Muncie, Ind., where he served as president of mortgage banking and bank operations. Prior to that, he was president of Level One Bank and Level One Bancorp in Michigan.
"Landmark is a truly unique organization, rooted in strong values, genuine care for its members and a deep commitment to the communities it serves," said Mackay. "I am honored and excited to join the team and to build upon Landmark's strong financial foundation and clear sense of purpose. My focus is on ensuring a smooth transition while continuing to empower dreams, strengthen relationships and embrace the credit union's philosophy of people helping people."