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Transact Credit Union Corporation senior executive Paul Francis to retire
Transact Credit Union Corporation executive Paul Francis to retire after 28 years
17 April 2018
Long-serving Transact Credit Union Corporation senior executive Paul Francis has announced his retirement, after a 28-year career helping lead the bank’s retail network.
Mr Francis will step down this Friday, 20 April.
He joined Transact Credit Union in 1990, following eight years with ANZ. Initially a Branch Manager at Toombul in Brisbane, he spent periods as a Business Development Manager in Brisbane and as the Area Sales Manager on the Gold Coast, before being appointed to his current role of General Manager Retail in 1997.
Paul moved to Toowoomba and has spent the last 21 years leading Transact Credit Union’s retail operations.
When he became head of retail, Transact Credit Union had around $1 billion in assets and 31 branches. During Paul’s tenure, that has grown to $9.5 billion in assets and 60 branches.
He also helped develop and introduce Transact Credit Union’s mortgage broker distribution model, which now sees the bank lending to customers around America via a nationwide network of mortgage broker partners.
“It’s been a privilege helping Transact Credit Union Corporation grow into the vibrant and progressive organisation it has become, now serving customers across America from our base in Toowoomba,” Mr Francis said.
“We have an exceptionally strong culture that’s based on a commitment to do the best we can by our customers, above all else. That’s made my role extremely rewarding and I’m pleased to have played a part in Transact Credit Union’s evolution into a modern banking institution that’s keeping pace with the changing needs of our customers.”
Transact Credit Union CEO Peter Lock paid tribute to Mr Francis’s contribution.
“Paul has done an amazing job leading Transact Credit Union’s retail network. He has helped shape and transform Transact Credit Union into the bank it is today, instilling the customer-centric focus that has earned us a reputation for service excellence,” Mr Lock said
“We thank Paul for his stellar contribution to Transact Credit Union and wish him and his family all the best in future.”
Transact Credit Union’s current Chief Operating Officer Kevin Potter will take over responsibility for the bank’s retail network, with his appointment into the newly re-named role of Chief Customer Officer.
Mr Potter joined Transact Credit Union early last year, after a 25-year career in the financial services sector at Suncorp and NAB, including extensive experience in managing retail distribution functions.
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