TTCU CEO Les Rector Announces Retirement

The Credit Union’s President/CEO, Leslie W. Rector, has announced his impending retirement from The Credit Union, formerly Tulsa Teachers Credit Union. Mr. Rector’s retirement is scheduled for Sept. 30, 2011, after 26 years with the credit union, 15 of those as the .

Rector earned his bachelor of business administration degree from North Texas State University in 1972 and soon after began his credit union career at Dallas Teachers Credit Union in Dallas. He joined in November 1985 as the vice president of operations, earning a promotion to executive vice president in 1990. He remained in that position until the retirement of his predecessor allowed his ascension to his current role as chief executive officer and president in January 1996.

Among his many accomplishments over the years, Rector is credited with helping grow from $155 million in assets to the current $979 million. Last year announced record asset growth along with strong capital reserves of 13.8 percent. Much of this growth can be attributed to the aggressive branching program has undertaken in the last 20 years. had just one branch, located on 31st Street in Tulsa when Rector started at the credit union. Currently the credit union has 12 branches with a 13th under construction.

Rector was not only dedicated to the growth of his own credit union, he also served on the Oklahoma State Credit Union Board of Directors, the Oklahoma Credit Union League (now CUAOK) Board of Directors, the Oklahoma Credit Union Shared Service Centers Board of Directors and the Oklahoma Credit Union Board of Directors to promote all credit unions in Oklahoma, as well as nationally. This regular devotion of his time to consulting and encouraging other credit unions in their pursuit to keep their members first, was acknowledged with a Lifetime Achievement Award at the CUAOK annual meeting last March. The award recognizes excellence in credit union philosophy and contributions to the Oklahoma credit union movement.

Updated 01-27-2011

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