Press

Island Federal Credit Union names McGregor Vice President/Chief Lending Officer

LACEY, WA (August 20, 2015) — Island Federal Credit Union (Island) has appointed John McGregor Vice President/Chief Lending Officer, replacing Anthony (Tony) Sidoti who retired. In his new role, McGregor will be oversee Island’s entire lending area, including auto loans, home equity lines and loans, mortgages, credit cards and education loans, as well as all loan operations.

Prior to his promotion, John McGregor held the position of Senior Director of Retail Banking at Island where he was responsible for their nine Long Island locations, including Island’s two new branches at Stony Brook University. During his past seven years at the credit union, McGregor has been instrumental in managing all aspects of Island’s day-to-day retail banking operation.
President/CEO Bret W. Sears comments, “Island has had significant growth in our loan portfolio. In the past two years alone, Island’s loans have increased +51%, which is among the highest figures of any financial institution in the region. John McGregor has the unique combination of skills to continue and build on this success. While growth is important, what differentiates Island from other financial institutions is our commitment to service. That’s where John brings a unique set of talents to his new role and will ensure everyone who turns to Island for a loan or mortgage will receive the best personal service – as well as a great rate.”

A lifelong resident of Suffolk County, McGregor is an accredited credit counselor who has advised and educatedmany groups, from college classes to veterans’ groups, about the borrowing process. Prior to joining Island in 2008, he worked at a number of banking institutions on Long Island and has been actively involved in a number of community organizations.

About O Bee Credit Union

O Bee Credit Union (The Olympia Brewing Co. Employees and Families Credit Union) was started February 15, 1955, by Ted McGill, who worked in the bottle house of the brewery. This full-service not-for-profit credit union, owned by its members, has seven branches located in Lacey, Tumwater, Tenino, Yelm, West Olympia, Point Ruston and Fern Hill in Tacoma. Membership is open to all Washington residents. Visit www.obee.com for more information about O Bee Credit Union.