Suncoast Credit Union announces retirement of President and CEO, Tom Dorety
TAMPA, FL (May 12, 2016) — Suncoast Credit Union announces the retirement of its President and CEO, Tom Dorety, effective by the end of 2016. Suncoast, with assets of $7.5 billion and more than 700,000 members, is the largest credit union in Florida, serving 21 counties with 60 branch offices. It is the largest Community Development Financial Institution (CDFI) in the nation.
“Tom Dorety’s commitment to helping Suncoast meet its full potential in improving members’ lives has been remarkable,” said Velia Pedrero, Chairman of the Suncoast Credit Union Board of Directors. “What’s even more impressive is his steadfast dedication to the credit union movement overall, grounded in firm convictions about what a financial institution should bring to its members, its employees and its community at large.”
Pedrero said the board is already engaged in selecting Dorety’s successor and expects to announce their decision by the fall of this year. Dorety’s distinguished career in the credit union industry has spanned more than four decades, beginning with positions as Loan Officer, Branch Manager, Regional Vice President and Senior Vice President of Staff Development at NC State Employees Credit Union from 1975-1988. He served as Senior Vice President at Suncoast from 1988-1996 before becoming the credit union’s third President and CEO.
In addition to his leadership at Suncoast, Dorety has been an active advocate in the credit union movement. He was a member of the Filene Research Institute’s board from 1998-2005, serving as chair for three years and on the Credit Union National Association (CUNA) board from 2001-2011, serving as chair in 2008-2009. He also chaired the 2015 CUNA task force on membership choice and currently chairs the MEMBERS Trust Company, as well as serving on the boards of the National Credit Union Foundation and the CO-OP Financial Services Network.
Dorety also has been active in local community efforts. He currently chairs the Hillsborough County Education Foundation, and he is a past member of the All Children’s Hospital Board of Trustees.
“It has been an honor to serve our members and help Suncoast become such an integral part of our communities,” said Dorety. “I am confident that the board will select the right individual to lead Suncoast to an even brighter future.”
About Suncoast Credit Union
Suncoast Credit Union is the largest credit union in the state of Florida, the eighth largest in the United States based on membership, and the 10th largest in the United States based on its more than $10 billion in assets. Chartered in 1934 as Hillsborough County Teachers Credit Union, Suncoast Credit Union currently operates 69 full-service branches and serves more than 870,000 members in the following Florida counties: Charlotte, Citrus, Collier, DeSoto, Dixie, Gilchrist, Glades, Hardee, Hendry, Hernando, Highlands, Hillsborough, Lee, Levy, Manatee, Marion, Pasco, Pinellas, Polk, Sarasota and Sumter. Additionally, Suncoast has secured regulator permission for future expansion into 18 additional counties throughout the state of Florida. Since its founding in 1990, the Suncoast Credit Union Foundation has raised and donated more than $25 million to organizations and initiatives that support the health, education and emotional well-being of children in the communities that the credit union serves. For more information, visit: suncoastcreditunion.com or follow us on social media at: Facebook.com/SuncoastCreditUnion, Linkedin.com/company/suncoastcreditunion, Twitter.com/SuncoastCU or Instagram.com/suncoastcreditunion.
President & Chief Executive Officer
Suncoast Credit Union