Corpus Christi, TX (March 2, 2026) |
Chemcel Federal Credit Union announced that Michael Engel will retire in the fourth quarter of this year, concluding nearly two decades of leadership as President and CEO.
Engel joined Chemcel FCU in 2007, when the credit union held approximately $50 million in assets. Under his leadership, the organization has grown to more than $180 million in assets, strengthened its financial performance, and deepened its commitment to serving members. Engel led initiatives that enhanced operational efficiency, modernized service delivery, and supported disciplined growth.
“Michael’s leadership has transformed Chemcel FCU into a stronger, more resilient organization,” said Kenneth May, Chair of the Board of Directors. “His strategic direction and dedication to our members have strengthened our financial foundation and expanded our impact. On behalf of the Board and our membership, we thank him for his years of service and lasting contributions.”
The Board of Directors has engaged D. Hilton Associates, Inc. to conduct a nationwide search for Chemcel FCU’s next President and CEO. The Board is committed to identifying a forward-looking leader who will build on the credit union’s strong foundation and continue advancing its mission to deliver exceptional value to members and the community.
“Serving as CEO of Chemcel Federal Credit Union has been a privilege,” said Engel. “With an exceptional team and a committed Board, we have grown into a stronger organization, and I am incredibly proud of what we have accomplished together. I have full confidence that the Board will select a leader who will continue to advance our mission and deliver meaningful impact for our members.”
Engel will remain in his role through the fourth quarter to ensure a smooth and seamless leadership transition.