Timothy Mackay Appointed as New President & CEO
Landmark Credit Union has announced the appointment of Timothy Mackay as its next president and chief executive officer. This decision came following a thorough search for suitable leadership to guide the credit union into its future. Mackay's tenure is set to begin soon, and he succeeds Jay Magulski, who has announced his retirement.
Why Mackay Was Chosen
In a statement, Brian Dorow, chairperson of Landmark's board of directors, expressed confidence in Mackay's capabilities. The board conducted a nationwide search with Korn Ferry to ensure the best fit for the organization. Dorow highlighted the board’s priority was finding a leader who could stimulate growth, implement necessary strategic changes, and enhance the overall member experience.
The Experience Behind the Leadership
Mackay arrives at Landmark with over thirty years of experience in the financial sector. His skills lie in meeting and exceeding growth targets, improving operational efficiencies, and integrating new technologies into financial services. Mackay has a well-defined vision for leading teams toward sustainable growth, which aligns with the aspirations of Landmark Credit Union.
Prior to his new role, Mackay was president of mortgage banking and bank operations at First Merchants Bank, a significant financial institution. His background also includes leadership positions at Level One Bank, where he guided the organization through a transformative period until its acquisition.
A Commitment to Community
Mackay has always emphasized the importance of community, both personally and professionally. He has actively participated in numerous organizations since 2002, demonstrating his commitment to fostering relationships and community connections. This aligns seamlessly with Landmark Credit Union’s mission to emphasize community strengths and improve member relationships.
Mackay’s Vision for Landmark Credit Union
Timothy Mackay expressed his enthusiasm for joining Landmark and his respect for the organization's values. He recognizes the unique nature of Landmark, marked by its dedication to serving its members and communities. Mackay intends to ensure a seamless transition while focus on empowering dreams and nurturing member relationships.
Thanking the Outgoing Leadership
Mackay takes over from Jay Magulski, who has been at the helm of Landmark for twelve years and a part of the credit union for twenty-three years. The board, staff, and members are grateful for Magulski's tenure and the foundation he laid for future growth.
To facilitate a smooth transition, Magulski will continue to serve as a senior advisor until his official retirement, ensuring that no disruptions arise during this leadership change.
About Landmark Credit Union
Founded in 1933, Landmark Credit Union operates as a member-centric, not-for-profit financial cooperative. It has a strong focus on delivering competitive rates, low fees, and excellent personal service. With over $7 billion in total assets, Landmark boasts numerous branches, a growing member base, and a commitment to providing exceptional services.
Frequently Asked Questions
Who is the new president and CEO of Landmark Credit Union?
The new president and CEO is Timothy Mackay, appointed by the board of directors.
What previous experiences does Timothy Mackay bring?
Mackay has over thirty years of financial industry experience, including leadership roles at First Merchants Bank and Level One Bank.
What is the focus of Mackay's leadership?
His focus includes building member relationships, driving growth, and enhancing service through strategic initiatives.
Who did Mackay succeed as CEO?
Mackay succeeded Jay Magulski, who announced his retirement after twelve years as president and CEO.
What values does Landmark Credit Union uphold?
Landmark Credit Union is grounded in strong values, emphasizing community service, member care, and relationship building.
