CEO and President of Knoxville’s City Employees Credit Union to retire May 1
Larry Pressley to Retire After 31 Years of Credit Union Service
KNOXVILLE, TN (April 26, 2024) — Larry Pressley, CEO and president of City Employees Credit Union (CECU) in Knoxville, Tenn., will retire May 1, after 31 years of service.
Larry graduated from the University of Tennessee, Knoxville, and began his credit union career with ORNL Federal Credit Union, where he worked for five years. He later went on to work at Oak Ridge Government Federal Credit Union, where he worked his way up to vice president of finance.
He started working at City Employees Credit Union (CECU) in April 1993. Under his leadership, CECU has grown from $28 million to $110 million to date. CECU has expanded from the main office to four locations across the Knoxville area. Membership has grown from 3,282 members to 8,586 members.
In the last 19 years of Larry’s career, CECU returned $3 million in bonus dividends and interest rebates to the members.
“Thanks to the diligent work of Larry, the staff and volunteer board members, we are proud to say we are one of the oldest and still rated as one of the safest financial institutions in the country,” said Chris Cunningham, CECU chairwoman. “CECU has received national recognition for performance, including being named by S&B Global Marketing Intelligence Group as #24 in the nation for Best Performing Credit Union in 2022.”
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Upon retirement, Larry plans to spend time with his wife, Angela, their sons and grandchildren. He also looks forward to traveling and not shaving.
“On behalf of the staff and Board of Directors, we want to congratulate Larry on his upcoming retirement and send him best wishes,” said Cunningham. “We look forward to the next generation of credit union leadership and growth.”
Larry Pressley, CEO and president of Knoxville’s City Employees Credit Union, will retire May 1 after 31 years of credit union service.
About City Employees Credit Union
Since May 1932, CECU has been tailoring a customized assortment of services to the lifestyles of its members. Originally chartered to serve the men and women employed at Knoxville’s City Hall, CECU has expanded its field of membership to include anyone who lives, works, worships, or attends school within Knox, Union, Blount, Anderson, Roane, Campbell, Grainger, Morgan and Loudon counties and the employees (and ALL their relatives!) of many of the departments, organizations and other select companies associated with the area’s “Public Service” sector. Visit cecuknox.com for more information.
