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Local

KCT Credit Union names new president and CEO

A 16-month search for a new Kane County Teachers Credit Union CEO and president has concluded, and Mike Lee officially stepped into the role Thursday.

He replaces Craig Bradley, who served in that role for more than 35 years. Bradley retired at the end of last year, said spokeswoman Kristine Kowalski, but he had been serving in that role on an interim basis since.

She said a healthy pool of applicants applied for the position. Lee’s experience includes serving for two years as vice president of member relations at Alloya Corporate Federal Credit Union; and serving for seven years as president of the Midwest Region, chief membership office and chief marketing officer at Members United Corporate Federal Credit Union.

Lee also serves on many boards of directors, including CUES of Illinois, Illinois Credit Union Foundation and Ministry Partners. He also is chairman of the board for Ministry Partners Securities.

“Mike brings significant credit union and executive management experience,” said Ron Stonebreaker, chairman of the KCT Credit Union Board of Directors, according to a news release. “We look forward to writing a new chapter in the credit union’s history with him.”

Kowalski said KCT Credit Union has three branches in Illinois based in Geneva, Elgin and Aurora. The credit union is a nonprofit financial cooperative that serves seven counties.

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