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Apr

EDDIE FRANCIS TO ASSUME ROLE OF PRESIDENT WFCU CREDIT UNION SUCCESS CONTINUES

Effective June 1, 2016, Martin (Marty) J. Komsa, current WFCU Credit Union President and Chief Executive Officer, will assume the sole role of Chief Executive Officer. Eddie Francis, current WFCU Credit Union Executive Vice President, Operations and Member Experience, will assume the position of President.

On behalf of the Board of Directors, WFCU Credit Union Board Chair, Marty Gillis is pleased to announce this new executive structure. “WFCU Credit Union has a deep-rooted commitment to our members, growing both organically and through other entrepreneurial initiatives,” states Gillis. “As strong and committed leaders, both Marty and Eddie will continue to support the Board of Directors and ensure the credit union’s goals and objectives are achieved and exceeded, guaranteeing a bright future for WFCU Credit Union and our members.”

Throughout his 30 years with WFCU Credit Union, Komsa’s leadership and long-time support of the credit union and cooperative systems have positioned the credit union as a leading competitor within the Ontario financial services market.

“Under Marty’s leadership, WFCU Credit Union has grown from $36 million in assets to over $2.4 billion in managed assets,” expresses Gillis. “He has been the champion behind introducing the latest products, services and technological advancements for the benefit of our members. He has built the WFCU Credit Union brand and expanded partnerships making a dramatic and tangible difference within our community and positioned WFCU Credit Union as a leading financial institution for the province of Ontario.”

Over the years, Marty has had the opportunity to serve on numerous Boards and Committees. Presently these include Chair of the CUCO Cooperative Association (Ontario) Board, Member of the Canadian Credit Union Association Board of Directors, Member of the CUMIS Executive Roundtable, Member of the Alliance of Large Ontario Credit Unions, Member of the Credit Union Executives Society CUES Canada Council, Chair of the Windsor and Essex Economic Development Corporation, Member of the LaSalle Police Services Commission Board of Directors, Member of the Windsor Canada Utilities Board of Directors and Member of the Enwin Utilities Limited Board of Directors.

Since joining WFCU Credit Union, Francis has spear-headed the credit union’s five-year strategic plan involving a number of new and innovative advancements for the credit union, including a new virtual branch. The early 2016 launch of Omnia Direct has extended the credit union’s reach and attracted new members beyond Windsor-Essex. Other market leading initiatives include WFCU Credit Union Foreign Exchange Services and the expansion of WFCU Credit Union’s Finance and Leasing relationship with FCA Canada to provide auto leasing services to all FCA Canada dealers across Ontario.

Eddie Francis has embraced the culture of WFCU Credit Union believing employees and the service they deliver is a key differentiator. He has made the credit union’s human resource strategy a priority, building on the foundation that has been laid to continue the credit union’s position as an ’employer of choice’. Focusing on developing a well-defined value proposition, Eddie has led the re-development and launch of the WFCU Credit Union brand, logo and tagline.

In his new role as President at WFCU Credit Union, Eddie will provide strategic oversight for the areas of Finance, Accounting, Administration, Information Systems, Human Resources, Risk Management and Compliance, Governance, Marketing, Community Investment, Commercial Services, Business Development, Retail Operations, WFCU Investment Services, Finance and Leasing and Insurance Services. He will work together with Marty and the Executive Management Team to move WFCU Credit Union forward.

“There are exciting times ahead for WFCU Credit Union,” states Gillis. “We are focussed on our brand, exploring new markets, superior service, enhanced product offerings, continued emphasis on technology, infrastructure and financial strength while keeping our same values and philosophies that make us who we are today. Marty and Eddie’s experience, reflected in the extensive list of accomplishments and awards demonstrates the passion they have for our community, for WFCU Credit Union and its members. Demonstrating strong conviction, their proven track record guarantees WFCU Credit Union will continue to forge ahead with strength and determination to provide the best in financial services and economic support for the Windsor-Essex Region and beyond. With Marty and Eddie leading the organization, WFCU Credit Union success continues.”

Marty Komsa and Eddie Francis will assume their new roles effective June 1, 2016.

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Assistant Editor