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Credit Union of Texas CEO Lederer to Retire; Pointer Named as Successor
Wednesday, April 12, 2017 6:30 AM

John Lederer, longtime chief executive officer of Credit Union of Texas, has announced that he will retire from the $1.3 billion credit union effective Sept. 30, 2017. 

Lederer was hired at Credit Union of Texas in February 1996 as its general counsel. He was appointed as interim chief executive officer in January 2006 and named permanently to the post in September 2007. 

“Mr. Lederer was at the helm for many years, some of them quite challenging for the credit union,” said Ada Williams, chair of the CUTX Board of Directors. “We cannot thank him enough for his years of service to us and our members. We congratulate him on his retirement and hope there are many rounds of golf in front of him.”

Lederer has spent almost 40 years in the credit union industry. He joined what was then known as the Texas Credit Union League in 1978 where he held various positions, including president and CEO, before his tenure at CUTX.

“I have been fortunate to spend so much of my career in support of the credit union movement,” said Lederer. “Throughout the years, I have witnessed the cooperative model of credit unions working to truly improve the lives of many, many people. Credit Union of Texas embodies the credit union mission of people helping people, and I could not be prouder to have been a part of the organization for so many years.” 

Lederer says he especially enjoyed his extensive involvement in the legislative and regulatory areas. “I have worked diligently to try to make a positive impact on the laws and regulations affecting credit unions, which I hope will benefit credit unions for years to come,” he said.

Eric Pointer, current CUTX President, has been named as Lederer’s successor and will take over the role of president and CEO on June 1.

“Mr. Lederer is leaving the credit union in very capable hands,” said Williams.   

Pointer has been president of Credit Union of Texas since January 2016 and executive vice president of the credit union since 2014. Lederer will serve in a consulting capacity to the credit union beginning June 1 until his retirement.

Credit Union of Texas has $ 1.3 billion in assets and provides financial services to over 134,000 members in Dallas, Collin, Rockwall, Denton, and parts of Grayson, Fannin, Ellis, and Tarrant counties.