Financial credit

Michigan Community Financial Credit Union CEO retires


William “Bill” Lawton, managing director of the Community Financial Credit Union in Plymouth, Michigan, will retire in July.

The $ 1.2 billion-asset credit union has retained Humanidei + O’Rourke to help it find its next CEO.

Lawton, who has worked for the credit union for about 40 years, started with the organization in 1982 when his father, George Lawton, was its chief executive.

“It’s hard to say how grateful I am for your support during my tenure as CEO of Community Financial,” Lawton said in a press release. “Together, we have improved lives and made our communities even more vibrant places to work and live. “

Lawton served on numerous committees and boards of directors during his tenure at the credit union, including Growth Works, Detroit Board of Directors Cristo Rey, City of Plymouth Solicitors Board and United Way.

“It’s inspiring to witness Bill’s passion and knowledge,” Dan Herriman, member of the board of directors of Community Financial, said in the press release.

Community Financial Credit Union made nearly $ 9 million in profit for the first nine months of 2021, a 32% increase from the previous year, according to data from the National Credit Union Appeal Report Administration.