Founders President and CEO announces retirement date, names successor

January 15, 2025

After more than 20 distinguished years as President and CEO of Founders Federal Credit Union, Bruce Brumfield has announced his upcoming retirement effective December 31, 2025.

This announcement comes after a multi-year leadership transition plan initiated by Brumfield and the Board of Directors to ensure the future success of the credit union.

Brumfield joined Founders in 1988, serving in various management positions before being named President and Chief Executive Officer in 2003. Under his leadership, the credit union has experienced unprecedented growth and success. In 2003, when Brumfield took the helm, Founders had $944 million in assets. Today, Founders has over $4.7 billion in assets with 850 employees serving 273,000 members in 44 offices across two states. This growth would not have been possible without Brumfield’s vision and commitment to innovation and member service. “Doing the right things for the right reasons pays off,” as Bruce always says.

As part of this integral leadership transition plan, Brumfield and the Board of Directors have named Keith Wilson President effective January 1, 2025. Bruce will remain as Chief Executive Officer until the end of 2025 to ensure a smooth transfer of leadership.

A native of Rock Hill, Wilson holds a B.S. in Business Administration from Winthrop University. He is a member of the Pathways Board of Directors, the Lancaster Rotary Club and the Professional League Resources Board, Carolinas Credit Union League.

He has been with Founders for 25 years during which time he has managed branches, managed regions and served as Chief Operating Officer. Wilson most recently served as Executive Vice President before being named President.

Wilson and his wife, Kim, reside in Rock Hill and have two sons, Austin and Ethan.

Wilson is not new to Founders as he has been with the credit union for 25 years. As part of the execution of this plan, Wilson became Executive Vice President three years ago so he could work closely with Brumfield and better prepare himself for this next role.

 

Founders Federal Credit Union

Founders, a trusted and innovative financial institution, was founded in 1950 in Fort Mill, South Carolina to provide financial services to the employees of Springs Industries, Inc. Today, Founders serves more than 273,000 members across 44 locations and manages over $4.7 billion in assets.