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Stephanie Sherrodd Named TDECU President and Chief Executive Officer

Marcie Casas, GDC
210-236-5000 (o)
210-884-8070 (c)
mcasas@gdc-co.com

Edward Speed to Retire October 1

(LAKE JACKSON, TX) – The Board of Directors of the $2 billion Texas Dow Employees Credit Union (TDECU) has named Stephanie Gale Sherrodd as the President and Chief Executive Officer to succeed Edward Speed effective October 1 of this year.

Sherrodd joined TDECU in 2004 as the Vice President of Branch Administration.   She was subsequently promoted to Senior Vice President, and in 2010 was named TDECU’s first Executive Vice President and Chief Operating Officer. Prior to joining TDECU Sherrodd was Chief Operating Officer at Warren Federal Credit Union in Wyoming.

Sherrodd holds an MBA from the University of Wyoming and has completed both the Certified Credit Union Executive program of the Credit Union Executive Society and attended the Pacific Coast Banking School.  In 2011, Credit Union Times named Sherrodd a “Woman to Watch” among credit union executives nationwide.

Commenting on Sherrodd’s selection to succeed him, TDECU’s outgoing CEO, Edward Speed stated, “Steph has been destined to lead a giant credit union one day.  I am pleased that it will be TDECU. She has thoroughly prepared herself; she has worked hard and has executed exceptionally well.  Steph has been a key leader in our incredible growth for approximately the past 10 years. TDECU members and employees will be well-served by an exceptionally qualified, experienced credit union professional.”

Speed will retire from his position as President and CEO on October 1 of this year. Speed joined TDECU as its CEO in January 2003.  Prior to joining TDECU, Speed was Senior VP of Lending and Strategic Planning at San Antonio Credit Union, where he started in the credit union movement in 1985.

During Speed’s 10 year leadership tenure at TDECU, assets grew 300 percent from $700 million to $2 billion; loans grew 400 percent from $400 million to over $1.6 billion; membership grew from 68,000 to more than 170,000, and retail branches grew from 2 to 30 locations.

About TDECU   
Founded in 1955, TDECU is a not-for-profit financial cooperative with 170,000 members and more than $2 billion in assets. TDECU currently has 30 service locations, including 25 branches, and offers a complete selection of convenient, innovative, and competitive products and services, including a full suite of deposit products as well as mortgage, auto and personal loan products, online and mobile banking.  TDECU also offers, through its subsidiaries, retirement planning and wealth management, personal and business insurance products, and full title and realty services. Members can also access a nationwide network of over 43,000 surcharge-free ATMs. For more information visit TDECU.org or call 800.839.1154.


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