FOR IMMEDIATE RELEASE: 12/10/2015
Patrick Basler steps down as CEO to take on new role with the League Service Corporation
Chicago, Ill: This week, First Financial Credit Union’s Board of Directors announced Michael Abraham as the next Chief Executive Officer, effective Dec. 24, 2015. Current CEO, Patrick Basler will be stepping down from his role after eight years to take on his new position as Chief Strategy Officer with the League Service Corporation (LSC) based in Naperville, IL. LSC helps Credit Unions compete in the financial services marketplace by developing innovative products to facilitate Credit Union growth.
“I’m truly grateful and excited for the opportunity to lead First Financial Credit Union. We’ve spent a lot of time and resources investing in our membership over the last few years, and to be able to build on that investment as CEO of the Credit Union is a great honor,” Abraham said.
Abraham has worked for First Financial Credit Union for two years. He began his career with the Credit Union as the Lending Manager and quickly moved up to be the Vice President of Operations in January 2015. Abraham’s previous experience includes a variety of financial industry managerial roles at companies including TMX Finance and Citigroup. These roles along with his tenure at First Financial combine to make him the premier candidate for the CEO position at First Financial Credit Union.
Basler is quickly transitioning Abraham into his new role. The two are working to set goals for the coming year to ensure stability and efficiency through this transition period. “I know the experience, knowledge, and enthusiasm [Abraham] brings will serve our Credit Union well into the future,” Basler said.
“First Financial Credit Union is a viable, stable, and convenient financial solution for all eligible members. Finding new ways to engage with potential members on this message is an exciting challenge. Our staff, our board, and outgoing management have truly done a great job to this point. I hope that I can continue to deliver on the nearly 80-year track record we have as a successful institution,” Abraham said.
About First Financial Credit Union: Formed in 1936 to provide a safe place for the employees of the AT&T Teletype Corporation to save and borrow money. In 2000, First Financial Credit Union transitioned to a community charter, to expand the field of membership to additional SEGs and the surrounding region. Over the years, First Financial has steadily expanded and grown to become a strong institution serving over 8,000 members in the northern Chicagoland area.