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Allegiance Credit Union to Honor Retiring CEO Lynette Leonard
Wednesday, December 6, 2017 7:00 AM

Lynette Leonard

Allegiance Credit Union will host a come-and-go reception in honor of retiring president and CEO Lynette Leonard on Tuesday, Dec. 19, from 2-5 p.m. at the ACU Operations Center, 4227 N. Meridian Ave. in Oklahoma City (adjacent to the company’s main branch).

Officially joining the ACU staff in 1997, the ACU board of directors would appoint Leonard as president/CEO in 1998, succeeding Florence Rogers, who is credited for the stabilization and subsequent rebuilding of Allegiance Credit Union (formerly Federal Employees Credit Union) after the Oklahoma City bombing in 1995. Prior to her appointment, Leonard was the president/CEO of Bison Federal Credit Union in Shawnee, Okla., where she began as a teller.

Under Leonard’s leadership, ACU experienced exponential growth in products, services, and membership, with assets tripling from $80 million to $260 million. Expansion included the addition of three new branches and a new name heralding a new vision in 2003: Allegiance Credit Union.

Executive Vice President Amy Downs will succeed Leonard as ACU president/CEO on Jan. 01, 2018.

About Allegiance Credit Union
Allegiance Credit Union, formerly Federal Employees Credit Union (FECU), was chartered in February 1963 under the Oklahoma State Banking Laws. Originally located in the basement of the Federal Courthouse, FECU moved into the Alfred P. Murrah Federal Building upon its completion in 1977. On April 19, 1995, FECU would lose 18 of its 33 employees in the bombing of the federal building, which drastically changed lives and dramatically ushered in a new era of focus for the institution. In February 2002, FECU became a community charter, extending membership to the six counties surrounding Oklahoma City. On May 1, 2003, FECU became Allegiance Credit Union. Allegiance Credit Union continues to grow in asset size, membership, and branch locations. The legacy of FECU, its restoration, and the continued growth as Allegiance Credit Union, makes members and employees alike proud to be credit union people. For more information, please visit allegiancecu.org.