Ann Hood, president/CEO of Cornerstone Community FCU, will retire early next year, the Lockport-based credit union announced yesterday. Her final day with the credit union will be Feb. 28, 2018.
Hood has been with Cornerstone Community FCU for more than three decades. She was hired in 1983 to work in the credit union’s accounting department, and she was quickly promoted to accounting manager.
She also held the positions of assistant general manager and interim general manager prior to becoming president/CEO in 2000.
“I am honored to have had the opportunity to lead this credit union for the past 18 years,” said Hood. “I am very proud of what we have been able to accomplish, and that we have met every challenge we have faced with determination. Though my time with Cornerstone is coming to an end, I know the credit union is financially sound and well positioned for this transition. I am confident that Cornerstone will continue to be a leader in the Western New York community. Even though I will miss the employees, volunteers and members, I am looking forward to a little relaxation and spending time with my family.”
Under Hood’s leadership Cornerstone Community FCU’s assets have more than doubled and memberships have increased by more than 10,000. Hood also oversaw the credit union’s addition of three new branches, community charter conversion, name change and data processing system conversion.
“Ann has been a highly respected leader in the New York credit union movement for many years, and I’d like to thank her for her many contributions over the past three decades,” said New York Credit Union Association President/CEO William J. Mellin. “While Ann’s leadership will be missed, her retirement is certainly well-earned. On behalf of the New York credit union movement, I wish Ann a happy and healthy retirement.”