Midwest Members Credit Union chooses next president/CEO

Midwest Members Credit Union announced that its board of directors has elected Louis Bicanic III, current executive vice president, to succeed Gregory L Lyons as president/CEO, upon his retirement, effective Sept. 30.

Lyons has served the credit union in various roles since 1996 and as president/CEO since January 2012.

“On behalf of our Board of Directors, we are pleased to elect Louis as our next President/CEO said Gerard Jacquin, chairman of the board. “Louis is a strong, results driven leader committed to serving our 17,500 members and employees.”

The announcement, Jacquin said, is “the successful culmination of our succession plan to select the best leader for our credit union. Louis has worked closely with the Board of Directors during his seven years with the credit union and we look forward to what he can bring to the credit union as President/CEO.”

Bicanic stated, “I am honored to be named the next President/CEO of Midwest Members Credit Union and want to thank both Gerard and the Board of Directors for the confidence they have placed in me to lead this strong credit union.” “I welcome working with our entire staff to continue the growth of our credit union.”

Midwest Members Credit Union is a state chartered credit union based in Wood River and has a branch in Maryville. It was formed originally in 1935 as the Shell Wood River Federal Credit Union.

PHOTO: Louis Bicanic III