29 May 2019
Former Chief Retail and Marketing Officer for First Tech Federal Credit Union to lead Teachers Federal Credit Union after retirement of longtime CEO/President Robert G. Allen.
(Hauppauge, NY) – Timothy M. Southerton, Chairman of the Board of Teachers Federal Credit Union (TFCU), one of the largest credit unions in the United States with over $7 billion in assets and more than 325,000 members, announced today that Brad Calhoun, former Chief Retail and Marketing Officer for First Tech Federal Credit Union, headquartered in Hillsboro, Oregon, has been named TFCU’s new CEO/President. Mr. Calhoun will lead the credit union starting in June following the retirement of longtime CEO/President Robert G. Allen.
“On behalf of the board and staff of TFCU, we welcome Mr. Calhoun to the credit union,” said Timothy M. Southerton, TFCU Chairman. “He is a respected credit union and banking sector leader who has a clear vision for fiscal growth, innovation and adapting to ever-changing markets. We are confident that Mr. Calhoun possesses exactly the kind of energy and enthusiasm to enhance TFCU’s position as one of America’s top credit unions. He has a proven track record of success as Chief Retail and Marketing Officer for First Tech Federal Credit Union, where he oversaw average year-over-year growth in excess of 11% from 2013 to 2018. This represents an increase of over $3.7 billion in deposits over this 5-year period and the doubling of the credit union’s size.”
Mr. Calhoun has over 24 years of leadership experience in banking and credit unions. At First Tech Federal Credit Union, he led the strategic direction of the organization and was responsible for nearly half of the more than 1,400 employees who work out of 42 branches across eight states. In addition, he directed a number of major marketing initiatives and spearheaded the redesign and strategy for all branches. These efforts transformed member experience while simultaneously creating greater member value.
“I welcome the opportunity to work with TFCU’s board, staff and members as we enter this new chapter in the credit union’s history,” said Brad Calhoun, CEO/President TFCU. “TFCU is a respected credit union that has seen rapid growth over the past several years. I am committed to a smooth transition of leadership and I am eager to get to know and work with the board, executive team and staff members. This is a tremendous opportunity for me to leverage my leadership and marketing knowledge to continue the expansion of the credit union across the dynamic Long Island and New York City markets and across the nation.”
“On behalf of the Board of Directors of Teachers Federal Credit Union, more than 800 staff members and over 325,000 members, I would also like to express our heartfelt appreciation and admiration for Robert G. Allen and his three decades of service as TFCU’s CEO/President,” added Southerton. “Today, thanks to Mr. Allen’s stewardship, TFCU is a strong and highly respected credit union.”
Prior to his position with First Tech Federal Credit Union, Mr. Calhoun held several roles at Bank of America, most recently as Area Executive Senior Vice President for the bank’s Pacific Northwest Region.
Today, TFCU extends its credit union membership to all 50 states. For more information about our products and services, please or visit www.TeachersFCU.org or call (631) 698-7000.
