WICHITA, Kan.– Millennium Corporate Credit Union has named a new president and CEO. Effective June 1, Kent Gleason has been selected to lead the organization. Gleason is currently chief operations officer/executive vice president.
Gleason began his credit union career in 1990 as a Kansas Credit Union Association League consultant, and after two years he assumed the role of asset/liability analyst with the Kansas Corporate Credit Union, the corporate said.
In 1997, he was promoted to executive vice president, overseeing the corporate’s portfolio, asset/liability management, and operations, and appointed chair of the Asset Liability Committee. In 2016, Gleason was named chief operations officer, overseeing all operations while continuing his EVP duties.
“Gleason was instrumental in the design and development of the Investment Advisory Service, now known as AIM–Asset and Investment Management,” Millennium Corporate said. “He oversaw the merger with Missouri Corporate Credit Union in 2015 and served as interim president/CEO. He managed the 2016 rebranding initiative and served as the CU Investment Solutions, LLC (CU-ISI) secretary for the last six years.”
Leadership During Crisis
Millennium Corporate credited Gleason with playing an integral role in managing the financial crisis recovery, growing retained earnings to the current ratio of 8.5% and returning $26 million in extinguished capital to members, as well as bringing item processing to Millennium Corporate and investing in the service to ensure credit unions have a state-of-the-art solution.
“Kent has been a major contributor to Millennium Corporate's success for 34 years,” Millennium Corporate Board Chair Tom Kjar, who is also president/CEO of Creighton Federal Credit Union, said in a statement. “No one knows or understands Millennium Corporate better or is more dedicated to its prosperity and that of the credit union industry. The board and I are confident in his ability to lead this organization forward.”
‘Humbled & Excited’
“I am humbled and excited by this opportunity, and I eagerly anticipate the journey ahead,” said Gleason. “I want to thank the board for entrusting me with the responsibility of leading Millennium Corporate into the future. Their confidence in me is deeply appreciated.”
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