TAMPA, Fla.—Tom Dorety, president and CEO of Suncoast Credit Union, announced that he will retire from the $7.5-billion CU by the end of 2016.
“Tom Dorety’s commitment to helping Suncoast meet its full potential in improving members’ lives has been remarkable,” said Velia Pedrero, chairman of the Suncoast board of directors. “What’s even more impressive is his steadfast dedication to the credit union movement overall, grounded in firm convictions about what a financial institution should bring to its members, its employees and its community at large.”
Pedrero said the board is already searching for Dorety’s successor, and expects to announce their decision by the fall of this year.
Dorety’s distinguished career in the credit union industry has spanned more than four decades, beginning with positions as loan officer, branch manager, regional vice president and senior vice president of staff development at North Carolina State Employees Credit Union from 1975-1988. He served as senior vice president at Suncoast from 1988-1996 before becoming the credit union’s third president and CEO. In addition to his leadership at Suncoast, Dorety has been an active advocate in the credit union movement. He was a member of the Filene Research Institute’s board from 1998-2005, serving as chair for three years and on the CUNA’s board from 2001-2011, serving as chair in 2008-2009.
Dorety also chaired the 2015 CUNA task force on membership choice and currently chairs the MEMBERS Trust Company, as well as serving on the boards of the National Credit Union Foundation and the CO-OP Financial Services Network. Dorety also has been active in local community efforts. He currently chairs the Hillsborough County Education Foundation, and he is a past member of the All Children’s Hospital Board of Trustees.
“It has been an honor to serve our members and help Suncoast become such an integral part of our communities,” said Dorety. “I am confident that the board will select the right individual to lead Suncoast to an even brighter future.”