Andrew Augustyn Appointed CEO of alpena Community Credit union
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- Andrew Augustyn Appointed CEO of alpena Community Credit union
ALPENA, MI – Alpena Community Credit Union (ACCU) has announced Andrew augustyn as its new Chief Executive Officer, following the retirement of Ann Boyk, who dedicated 47 years to the institution. Augustyn, previously the Chief Operations Officer, officially stepped into his new role on May 29, 2025, succeeding Boyk, who served as CEO as 2017 and will remain as an executive advisor for one year to ensure a seamless transition.
A Legacy of Service: Ann Boyk’s 47 Years at ACCU
Ann Boyk’s journey with ACCU began with a part-time position after high school, a role she initially took while awaiting college plans. though, she found her calling at the credit union, progressing through various roles, including teller, loan officer, and assistant manager. Boyk emphasized the credit union’s philosophy of “people helping people” and her passion for financial education, highlighting the rewarding experiance of interacting with members and understanding their unique stories.
Did You Know? Credit unions often offer better interest rates on savings accounts and loans compared to traditional banks, as they are member-owned and not-for-profit institutions Investopedia.
Andrew augustyn’s Vision for the Future
Augustyn, who joined ACCU a year prior to his appointment, expressed his enthusiasm for his new leadership role and his gratitude for Boyk’s mentorship.He aims to build upon the strong foundation established by his predecessor and embrace the challenges that come with leading the credit union into the future. Augustyn resides in Alpena with his wife, Hayley, and their two children.
Pro Tip: When choosing a financial institution, consider factors like interest rates, fees, convenience, and customer service to find the best fit for your needs.
The Importance of Financial Institutions in Local Communities
Community credit unions play a vital role in local economies by providing financial services tailored to the needs of their members. Unlike large national banks, credit unions often focus on building relationships with their members and supporting local businesses. According to the Credit Union National Association (CUNA),there are over 4,800 credit unions in the United States,serving more than 136 million members CUNA.
Transition and Future Plans
Boyk’s retirement became official on May 28, 2025, with Augustyn assuming the CEO position the following day. Boyk plans to dedicate her time to volunteering and spending time with her grandchildren. the Alpena Community Credit union annual meeting coincided with this transition, marking a meaningful moment in the institution’s history.
| Name | role | timeline |
|---|---|---|
| Ann Boyk | Former CEO, Executive Advisor | Retired May 28, 2025; Advisor until 2026 |
| Andrew Augustyn | CEO | Appointed May 29, 2025 |
The Evolving Landscape of Credit Unions
Credit unions have adapted significantly over the decades to meet the changing needs of their members.From offering online banking services to mobile apps, credit unions are embracing technology to enhance the customer experience. Furthermore, many credit unions are expanding their services to include financial planning, investment advice, and insurance products.
The National Credit Union Management (NCUA) regulates and insures federal credit unions, protecting members’ deposits up to $250,000 NCUA. This insurance provides peace of mind to members, ensuring the safety and security of their funds.
Frequently Asked Questions About Credit Unions
What are the benefits of joining a credit union?
Credit unions frequently enough offer lower fees, better interest rates on loans and savings accounts, and more personalized service compared to traditional banks.
How do I become a member of a credit union?
Membership requirements vary, but typically involve living, working, or worshiping in a specific geographic area, or being affiliated with a particular organization.
Are credit unions insured?
Yes, most credit unions are insured by the national Credit Union Administration (NCUA), which provides deposit insurance up to $250,000 per member.
What services do credit unions offer?
Credit unions offer a wide range of financial services, including checking and savings accounts, loans, credit cards, and investment products.
How do credit unions support the local community?
Credit unions frequently enough invest in local businesses, sponsor community events, and provide financial education programs to support the economic well-being of their communities.
What are your thoughts on the leadership transition at Alpena Community Credit Union? How do you think credit unions can best serve their communities in the future?
Share your opinions and experiences in the comments below!
