CEO of Oklahoma's Credit Union to retire after 4 decades in charge

Mark Kelly will retire as president and CEO of Oklahoma’s Credit Union this April.

Mark Kelly, retiring CEO of Oklahoma's Credit Union
Mark Kelly, retiring CEO of Oklahoma's Credit Union

He will be replaced by Executive Vice President Luann Schmiedel, the Oklahoma City-based institution said in a release Thursday. Schmiedel has led and developed various departments, products, processes and people during her 35-year career with the credit union, according to the release.

Kelly, who took the helm of the credit union in 1981, started his career there as an assistant manager. Under his leadership, the credit union grew its membership from 6,400 in 1981 to more than 47,000 today, while assets rose from $12 million to $650 million.

“Mark has made an everlasting impact on this credit union and our community,” said Schmiedel. “He has been a valued mentor for me and many others. It’s been an honor and a privilege to work with someone who cares about people as much as Mark.”

During his time at as CEO, Kelly also served on the board of the Oklahoma Credit Union League, and was appointed to the Oklahoma Consumer Credit Commission and the Cornerstone Credit Union League’s subcommittee on Oklahoma government affairs. In 2014, he was recognized with the league’s Professional of the Year award.

Oklahoma’s Credit Union had net income of $6.1 million in 2020, compared with $4.5 million the year before, according to call report data from the National Credit Union Administration.

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