Jay Magulski's Impactful Leadership Journey
In a significant announcement that marks a new chapter for Landmark Credit Union, president and chief executive officer Jay Magulski revealed his decision to retire at the end of 2025. This decision comes after an impressive 23-year career with the organization, highlighting his pivotal role in its growth and development.
Gratitude for Jay's Contributions
Brian Dorow, chairperson of Landmark's board of directors, expressed deep gratitude, stating, "We are extremely grateful for Jay's leadership as president & CEO for the past 12 years. His commitment to associates, members, and the community has strengthened the foundation of Landmark Credit Union and has positioned the organization well for future growth." This sentiment reflects the appreciation felt throughout the organization and the community.
Achievements During His Tenure
Throughout his tenure, Magulski has overseen significant advancements that have kept Landmark at the forefront of the financial industry. His lead in major system upgrades has created numerous efficiencies, facilitating smoother operations and a better experience for both members and staff. Noteworthy initiatives also include the development of a new headquarters and a complete rebranding, which involved an updated logo, tagline, and website.
Enhancements to Member Experience
Furthermore, Magulski has prioritized the addition of new technology and branches that directly support an enhanced member and associate experience. These innovations have not only improved service delivery but also bolstered the credit union's commitment to its members and their financial well-being.
A Fond Farewell
Reflecting on his time with the credit union, Magulski remarked, "I've thoroughly enjoyed the opportunity to serve our members and work with so many talented associates over the years. As I look toward retirement, I think about what we've accomplished together and am extremely proud of the work the team has done to support each other, our members, and our communities." His heartfelt words resonate with the dedication he has shown to both the organization and the community.
Looking to the Future
The board of directors, with guidance from its succession committee and support from Korn Ferry, a global executive search firm, is actively conducting a search for Magulski's successor. The process will consider both internal and external candidates, aiming to appoint a new president & CEO by summer 2025. This transition period is crucial as Landmark aims to maintain its momentum and continue its mission of serving its members effectively.
About Landmark Credit Union
Founded in 1933, Landmark Credit Union is a not-for-profit financial cooperative dedicated to serving its members through competitive rates and low fees. The organization places a strong emphasis on personal service and continually invests in enhancing the member experience. With over $6 billion in total assets, Landmark proudly operates 35 branches and serves more than 390,000 members with a committed team of over 1,000 employees. For more about Landmark Credit Union, visit landmarkcu.com.
Frequently Asked Questions
1. What is Jay Magulski's role at Landmark Credit Union?
Jay Magulski has served as the president and CEO of Landmark Credit Union for over 12 years.
2. When is Jay Magulski expected to retire?
Jay Magulski has announced his retirement will take place at the end of 2025.
3. What achievements is Jay Magulski known for during his tenure?
He is recognized for major system upgrades, a new headquarters development, and a fresh branding strategy.
4. How is Landmark Credit Union preparing for the future leadership?
The board is conducting a search for a successor with assistance from Korn Ferry, considering both internal and external candidates.
5. What services does Landmark Credit Union provide?
Landmark Credit Union offers financial services including loans, savings accounts, and personalized banking to its members.
