Two top executives out at North Charleston-based CPM Federal Credit Union
The two top executives at one of the region’s largest and oldest credit unions have left.
George W. Lockwood is longer president and CEO of North Charleston-based CPM Federal Credit Union. Also, Sally Thackston is out as executive vice president.
Lockwood and Thackston could not be reached for comment today.
“They are no longer here,” said Patty B. Sailer, marketing manager for the member-owned credit union.
The reasons for their departures was not disclosed.
“We have made some changes,” Sailer said. “We will continue to update our web page.”
She would not comment further.
Board member and treasurer Richard L. Scott Jr. referred questions to “the new CEO,” who could not be reached. Lockwood’s successor is Jane Dobbs, whose LinkedIn profile describes her a credit-union turnaround expert from the Phoenix area.
CPM Federal posted a brief statement on its website late this afternoon.
“CPM Federal has had a change in management, and will continue regular operations as normal,” the statement said. “Since 1955, CPM Federal has held a commitment to service excellence and member satisfaction. We look forward to continuing to serve our membership.”
See upcoming editions of The Post and Courier for more details.
Reach John McDermott at 937-5572.