After 26 years of service to Reading-based Discovery Federal Credit Union, Edwin Williams, has announced plans to retire from his position as Discovery Federal Credit Union’s President & CEO by the end of the year.
The credit union’s board of directors has formed a committee to conduct a comprehensive search for his successor.
Williams will continue to serve as president and CEO during the search and will work with his successor and the board on a transition plan when a decision is made. The Board expects to name a successor in the coming months.
The search for a successor candidate will be conducted by Hubric Resources of Wyomissing.
Williams began his career at Discovery FCU, then known as Reading Works Federal Credit Union in 1997.
At that time, the credit union had approximately $46 million in total assets and served 4,500 members. Today, Discovery FCU has more than $180 million in total assets and serves nearly 9,000 members.
As the second CEO in Discovery Federal Credit Union’s 63-year history, Williams oversaw the transition of Discovery FCU from being a small, occupational-based credit union for the employees of AT&T Technologies with limited services, to a community-based credit union serving all of Greater Reading and Berks County.
Under his leadership, the credit union has undergone a name change, charter conversion, rebranding, construction of new headquarters and most recently major branch renovations, three mergers, a core conversion, two online and mobile banking conversions.
The credit union also launched many products and services to meet the changing needs of its member-owners and the transformation to a digital-first strategic growth strategy.
“As I close my chapter with Discovery FCU, I am proud that we are a healthy, high-performing Credit Union,” said Williams. “In my role as a leader, I am fortunate to have worked with so many talented and passionate employees, volunteers and Board of Directors who helped create a forward-thinking organization focused on delivering exceptional service for the betterment and benefit of our member-owners. As I step back to spend more time with my wife, children, and grandchildren, I look forward to seeing the exciting ways Discovery FCU will continue to grow and innovate in the years to come.”
During his career, Williams has served on the Credit Union National Association Board of Directors, the National Credit Union Foundation Board of Directors, the Pennsylvania Credit Union Foundation Board of Directors, the CrossState Credit Union Association Awards Committee, The Federal Reserve Bank of Philadelphia Council and many other boards.