Johnson retires as CEO at TFCU

TICONDEROGA - Ralph J. Corbo, Chairperson of the board of directors of Ticonderoga Federal Credit Union (TFCU) announced that after more than 40 years in financial service management, the past nine as president and CEO of Ticonderoga Federal Credit Union, Gregory D. Johnson has announced his retirement effective April 5, 2011.

In addition to his administrative duties, Johnson is also an elected director of the credit union, serving as treasurer.

"The board accepted Greg's retirement with regret and we thank him for his outstanding leadership," Corbo stated.

"I am grateful for the well trained and dedicated staff and management team for these years, and the loyalty of the board and membership for the opportunity to have been part of the most dynamic growth in the history of our credit union," Johnson said. "I believe our success has been in living our mission statement which is to enhance the lives of members by offering a full range of convenient and economic services while maintaining financial security."

Johnson added that he takes much comfort in the knowledge that the organization has a superb cadre of sincerely dedicated and well trained directors and management team members who will lead it to even greater achievement in the future.

"I do believe that our best years are yet to come," Johnson said, adding that Ticonderoga has become his home and that he and his lovely wife, Carol, intend to spend their retirement years locally.

Following multiple board meetings held over several weeks, the TFCU board of directors has selected Shawn M. Hayes to be the next President and Chief Executive Officer. Hayes has fifteen years experience in management, the past eleven at TFCU serving as Chief Financial Officer, Human Resource Director, and member of its management team. He holds a dual B.S. degree in Accounting and Business Administration, and earned the professional designation of Certified Credit Union Executive through the auspices of the Credit Union National Association (CUNA).

"I am honored to have been selected to lead our credit union in the next stage of our growth and pledge to continue our philosophies and commitment to quality to fulfill and exceed our mission," Hayes said.

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