New CEO Taking Reins at Tower

On July 1, Richard Stafford will become CEO and President of Tower. Stafford succeeds Martin Breland, who is retiring from Tower after 28 years, 22 of them as CEO and President.

Rick Stafford will become CEO and President of Tower Federal Credit Union effective July 1.

Stafford, who has nearly three decades of banking experience, joined Tower in October 2015 as Senior Vice President of Member Services. In January 2017, he was promoted to Executive Vice President of Member Services and selected by the Board of Directors as the incoming CEO upon Breland’s retirement.

Stafford said he is honored, humbled and prepared to take on the leadership role given his experience and the mentorship Breland has provided since January to effect a smooth transition. He added: “I cannot replace Martin—he is one of a kind, but I am excited to succeed him and lead this driven member service team and fiscally strong credit union into the future.” “With the support of our focused board of directors, skilled senior management and talented employees at all levels, we are looking forward to the future and continuing to adapt to the changing financial needs of Tower’s members,” said Stafford.

“We will continue to evolve and proactively prepare for future opportunities, including taking advantage of changes in technology to increase convenience, value for our members and continually enhance operational efficiencies,” said Stafford.

Click here for more about Rick Stafford.