The president and CEO of Northern Credit Union is retiring after 24 years at the helm of the financial institution.
In a Nov. 19 news release, Northern Credit Union announced Al Suraci would be stepping down from the position by the end of June.
Since taking on the role in 1994, Suraci has overseen Northern Credit Union’s growth – from 11 branches and $180 million in assets to 32 branches and $1.4 billion in assets.
The credit union’s footprint stretches as far as Arnprior in the east to Timmins in the north to Thunder Bay in the northwest and into southwestern Ontario in the Bruce-Grey region.
Over the years, Northern Credit Union’s executive team, led by Mr. Suraci, has expanded into new areas by merging like-minded credit unions into the Northern family. The team has developed its digital outreach and the credit union is open to membership across Ontario, resulting in new accounts and services being provided digitally and seamlessly.
“Leading the transformation at Northern has been an exciting challenge knowing that the one constant throughout my career has been to focus on what’s best for our 72,000 members,” Suraci said in the release. “This has made this journey most rewarding.”
Northern Credit Union said it plans to form a committee to start searching for a new leader, with the expectation that the CEO position would be filled by June’s start.
Northern Credit Union is a full-service, locally operated financial institution, offering personal and commercial products and services and financial planning expertise to more than 72,000 member shareholders. Serving 31 Ontario communities, Northern is committed to educating members about financial literacy and providing the tools to help members achieve their financial goals.
Northern Credit Union marked the 61st anniversary of its original charter on Nov. 19.