WARREN , Ohio — 7 17 Credit Union has named a new president and CEO to succeed the retiring Gary Soukenik, who has led the credit union for 46 years.
7 17 Credit Union said it has selected John Demmler to lead the organization effective Nov. 1.
Demmler, an Ohio native, began his career in the financial service industry nearly 25 years ago and will be returning to Ohio from Austin, Texas, where he has served as the chief lending officer and SVP-corporate strategy at A+ Federal Credit Union.
“I look forward to my return to Ohio. 7 17 is such a strong credit union with a long, proud history,” said Demmler in a statement. “I am excited to work with the staff and board of 7 17 to continue building on a legacy of people helping people with a focus on financial inclusion and economic development.”
In addition to leading all lending initiatives in his past role, Demmler was responsible for developing and executing A+ Federal’s strategic plan with all initiatives directed toward a mission of building stronger communities, the credit union said.
Oversaw Strong Growth
7 17 Credit Union reported that during Soukenik’s tenure, the credit union grew to $1.6 billion in assets from $39 million, and now serves more than 110,000 members across a six-county area of Northeast Ohio.
‘Members in Good Hands’
“I have been honored to serve the members of 7 17 for 46 years,” said Soukenik. “I would not want to leave without knowing that our members and staff were in good hands. John will work well with the rest of our leadership team to ensure that our service to our members and our commitment to the communities we serve is second to none.”
The credit union said Soukenik will stay on in an advisory capacity for several weeks to assist with the transition and to provide Demmler with any support needed.
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