BANNOCKBURN, Ill.– Great Lakes Credit Union has named a new CEO. Effective May 21, Steven J. Bugg will lead the organization.
Bugg has been serving EVP with Heritage FCU in Newburgh, Ind., where he has overseen marketing, public relations, business development, retail operations, the branch network, facilities, security, and the investment division.
The credit union said Bugg has experience in consumer, indirect, mortgage and commercial lending, along with branch management. He has also spent time in the telecom industry
where he was responsible for marketing, alternative distribution, strategy, sales and operations for several organizations.
In addition, Bugg has also been heavily involved in the community serving in a leadership and committee member role for the University of Evansville. He is also the current president of the Evansville Zoological Society, Inc., and is actively involved with Historic Newburgh, Inc.
“I am very humbled and privileged to be selected to serve as the next president/CEO of GLCU by the dedicated board of directors and to uphold the tradition that William E. Elliott, president of Local 167, started 80 years ago,” said Bugg. “Mr. Elliott made the promise to serve in the member’s best interest by putting them first, allowing them to borrow money at a reasonable rate and to have a safe and sound place to save. Those same values hold true even today. The visionary board and dedicated forward-thinking employees of GLCU have guided the credit union to success for the last eight decades. I look forward to leading the team that plots the strategy that ensures Great Lakes Credit Union is successful for many future generations.”
The $815-million Great Lakes CU has more than 81,000 members.