CARBONDALE, IL – April 6, 2016 – The SIU Credit Union Board of Directors announced today that Dennis Schaefer has tendered his resignation as President/Chief Executive Officer and will retire effective April 15, 2016. William S. Capie, Chairman of the Board of Directors, will serve as interim CEO while the board reviews its selection criteria and processes by which a successor will be chosen.  Mike Lantrip will assume the role of Executive Vice President and be responsible for overseeing many of the daily operations.

“We are appreciative of Dennis’ leadership over the past seven years as the Credit Union has undergone a significant transformation and grown its asset base to over $300,000,000,” said Capie.  “We wish Dennis the best in his retirement.”

“SIU Credit Union will maintain its strategic focus of serving its members which now exceeds 37,000 people covering 11 counties in Southern Illinois,” Capie added.  “The Credit Union has an aggressive strategic plan as we remain committed to providing comprehensive financial services to the membership.”