Home Credit union Sylvester takes over Consumers Credit Union after longtime CEO retires

Sylvester takes over Consumers Credit Union after longtime CEO retires

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KALAMAZOO — A new general manager took over this month at Kalamazoo Consumer Credit Union.

Scott Sylvester took over from longtime chairman and CEO Kit Snyder on July 2. Snyder retired after 38 years with Consumers Credit Union, including serving as president and CEO since 1983.


Scott Sylvester
COURTESY PHOTO

Sylvester has been a member of the credit union for 28 years – he started as a cashier in 1994 – and has worked as a bookkeeper, senior accountant, chief information officer and vice president of technology, then chief financial officer and chief technology officer. .

“As we embark on this next chapter of our journey, the consumer team will always strive to provide the same high level of service to our communities and members,” Sylvester said in a leadership transition announcement. “I look forward to our continued growth and expansion into new markets, as well as future opportunities to serve our members.”

Consumers Credit Union has 24 offices in southwest and western Michigan and 126,497 members as of June 30, according to a quarterly financial report filed with the National Credit Union Administration. Mid-year assets were $1.9 billion and the credit union had $1.57 billion in deposits.

Loans totaled $1.73 billion, including $196.7 million in commercial loans.

Consumer Credit Union in the first six months of 2022 recorded net income of $13.1 million, according to the NCUA report.

The credit union’s transition as CEO included further leadership changes with the appointment of Lindsay Land as chief operating officer, Bob Dunning as chief information officer and Scott Adams as chief risk officer. .


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