KINGSPORT, Tenn.–Olan O. Jones, Jr., president and CEO of Eastman Credit Union, has announced plans to retire.
Jones, who has led the credit union for 22 years, said he will retire on Jan. 1, 2020.
“Olan came to ECU at an inflection point for the credit union industry and for ECU,” said Fielding Rolston, ECU’s board chairman, in a statement. “He is a natural visionary and has always seemed to know what was just around the bend. However, I think his best attribute as a leader is that he truly cares about the people he serves.”
During his career Jones has led Eastman Credit Union through a number of changes, including expanding ECU’s field of membership beyond Eastman Chemical Co. employees and their families to a community field of membership. During that time, the credit union has grown to $4.8-billion in assets from $631 million to $4.8 billion. It has also added 200,000 members over that time.
In addition, during his tenure as CEO, ECU has returned more than $118 million to members through the extraordinary dividend.
Jones said he is looking forward to spending more quality time with his wife, Sylvia, and their family and friends, as well as toward spending more time on his many interests and hobbies.