John Murphy, who has served for 24 years as President/CEO of the Maine Credit Union League and Synergent – its service subsidiary, announced today that he plans to retire effective June 1, 2017. The organization, which has been focused on succession planning for the past four years, has retained the services of O’Rourke & Associates, a nationally recognized and well-respected firm, to conduct a search for Murphy’s successor. O’Rourke has a long list of successful placements and will be conducting a nationwide search for a candidate that will continue Murphy’s legacy of success.
Murphy has held numerous positions during his 43 year career with the organizations and participated in the development of many products, services, and programs for credit unions. Today, the Maine Credit Union League and Synergent are both regarded as a successful trade association and CUSO (Credit Union Service organization) employing a combined 160 people.
Murphy was appointed President/CEO of the Maine Credit Union League and Synergent in July of 1992. He served on numerous industry related boards and committees throughout his career including serving on the Board of the Credit Union National Association where he Chaired the Corporate Governance Committee. He also served on several committees of the American Association of Credit Union Leagues where he chaired the Political Involvement & Grassroots Committee and he served as Chairman for several years of the Maine Council on Economic Education promoting the importance of financial literacy. Murphy currently services as Vice-Chairman of CUSO Home Lending, Hampden ME, and serves on the Board of CO-OP Shared Branching, Duluth, GA, and America’s Credit Union Museum in Manchester, NH. In announcing his retirement, Murphy said “It’s a true privilege to work both for and with so many great people over the years in an industry that is so important in the lives of consumers”.
Murphy is a great CEO who brings passion and knowledge that will be hard to replace, but O’Rourke and Associates are up to the challenge.