Connecticut’s seventh largest credit union says its longtime leader has officially marked his calendar for retirement, but his departure is still a ways off.
Dutch Point Credit Union, based in Wethersfield, announced recently that its president and CEO Francis R.N. Proto, who has been with Dutch Point for nearly 30 years, will retire effective Jan. 2023.
He will be succeeded by J. Charlyn Tanner, who is currently Dutch Point’s executive vice president and chief financial officer, who has worked at the credit union for 16 years.
Proto worked his way up the ranks during his time at Dutch Point, where he started in 1991 as vice president of finance, and was promoted to his current set of titles in 2006, succeeding Dorothy J. Sullivan.
He has overseen significant growth at Dutch Point, which during his tenure saw total assets climb from $141 million to more than $424 million as of March. Meanwhile, membership grew 42% over that period, from 16,700 to 23,700, the credit union said, due in part to two mergers — with MidConn in 2016 and Capitol Region Federal Credit Union in 2013 — and the addition of four branches.
“In guiding the credit union forward, our successes would not be possible without a loyal membership base and I am pleased to have met so many members during my time with Dutch Point,” Proto said in a statement. “I’ve also had the privilege to work with a talented and supportive board of directors, management team and staff, both past and present, that truly believe in our mission.”
Dutch Point’s board chairman, Richard Zajack, said the board is “more than pleased” with Proto’s leadership and is confident in Tanner’s ability to take on the CEO role.
“We are also very pleased that Mr. Proto has provided sufficient notice to ensure a smooth and seamless transition of his responsibilities and leadership to Ms. Tanner,” he said.
