BIRMINGHAM, Ala.–Joseph L. McGee, the long-time president and CEO of Legacy Community FCU has officially announced his retirement after spending nearly 45 years in the financial services industry.
The credit union has named COO S. Glenn Bryan to succeed McGee, who led the credit union for 21 years and who will remain in a consultative and advisory capacity as CEO Emeritus through his planned retirement date in March 2022.
"This is a time of important transformation within our industry, and starting the process of passing the torch to Glenn and his team is the right decision at the right time,” McGee said in a statement. “While it is bittersweet to announce my retirement, I do so with great pride in all we have accomplished together for those we serve and with the complete confidence that Legacy's best days are ahead. I will forever be grateful for the opportunity to have worked with this organization and the many talented people that have impacted my life in a memorable and meaningful way."
After a career that began in banking, McGee joined the then University FCU in 1991 as SVP-finance before being named president and CEO in 1999.
Oversaw Strong Asset Growth
In announcing the retirement, the credit union said McGee guided the credit union through a complete rebranding and charter change, becoming the community-chartered Legacy Community FCU in 2006. During his tenure, the credit union has grown from $70 million in assets to over $600 million in assets.
"Joe has certainly moved our organization forward and built a foundation that should position Legacy for success for many years to come," Bryan said. "I am honored and humbled that the board of directors has asked me to accept the appointment as Legacy's new president and CEO. I look forward with much excitement to continuing to serve our members alongside the most capable team in the credit union business."
Bryan has worked in the financial services industry for nearly 40 years and has been with the credit union for 37 years. During his tenure at Legacy he has held a variety of positions in virtually every operational area of the credit union.