PRESIDENT OF CSCU TO RETIRE
TAMPA, Fla. (August 4, 2017)- CSCU,
one of the nation’s largest payments processing associations, today announced
that Robert Hackney, President and CEO, will be retiring at the end of the
year. Hackney has served the company for nearly two decades. As
part of CSCU’s longtime succession plan, Tom Davis, SVP of Finance and
Technology, will assume the role of President and COO effective immediately and
become CEO effective January 1, 2018.
Davis Promoted to President and CEO with Nation’s Largest Processor
Davis has been with the company for more than 10 years and is a
recognized subject-matter expert in finance, technology, payments and strategic
planning. Over his tenure as SVP, he has implemented, managed and built
many new business initiatives to grow the company and better serve the credit
union industry. He currently serves on the Federal Reserve’s Faster
Payments Task Force and the CUNA Payments Advisory Committee.
“We are thrilled to have selected Tom from a field of renowned
candidates. Tom’s expertise in payments and technology are exactly what
CSCU and our credit unions need to position us for growth,” said Barry Shaner,
chairman of the Board of Directors for CSCU. “Bob was CSCU’s very first
employee, and his leadership and contributions to the company are beyond
measure. Although he will be sorely missed, he leaves a legacy behind.”
Hackney retires with 19 years of service with CSCU. In that
time, the credit union service organization has grown extensively to become the
nation’s largest card processing association. In 2006, Hackney was named
to the VISA board of directors to represent the credit union industry.
More recently, Hackney and his team have ushered in a new era of payments
technology and growth for credit unions as the payment industry has evolved
rapidly because of risk mitigation and emerging payment platforms.
Through it all, Hackney credits the board and his staff as the most significant
aspects of his role.
“The highlights of my career at CSCU will forever be the
incredibly talented and dedicated people I have met and the deep relationships
that I have developed over the years. From credit union employees to our
business partners, the CSCU staff and the Board – we’ve all passionately served
with a focus on growing an important segment of the financial services
industry,” Hackney said. “It’s been an incredible 19 years, and I feel
very honored and privileged to have been CEO.”
Davis and Hackney will remain working side by
side until year end to ensure that CSCU members continue to grow their revenues
and member services in this ever-changing payment technology landscape.
“My history with CSCU has allowed me to be very
tuned into the future of growth for credit unions,” said Davis. “The
industry is changing rapidly and credit unions continue to be asked to do more
with less resources. I’m committed to bringing the next level of services
and solutions to help credit unions assist their members and continue to serve
Davis was previously with Software Architects,
where he managed development projects for various industries,
including financial services. He is a graduate of Missouri State
University and has his M.B.A. from the University of South Florida, where he
graduated with honors.
CSCU knows about cards and payments. As a
leading provider of processing services to credit unions, CSCU delivers solutions
to help simplify the increasingly complex world of payments. Through one-on-one
portfolio consulting, industry insights, marketing and thought leadership
resources, their goal is to help credit unions not just survive, but thrive.