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Cornerstone credit union searching for new CEO

Ann M. Hood's retirement from leading the largest Western New York-based credit union is still a little ways off, but a search for her successor is under way.

Ann M. Hood (Cornerstone Community Federal Credit Union)

Hood has served as president and CEO of the Lockport-based Cornerstone Community Federal Credit Union since 2000. She is set to retire Feb. 28, wrapping up a career at Cornerstone that began in 1983. Hood started out as a bookkeeper in the accounting department, before climbing the ranks.

Cornerstone is using an executive search firm, John M. Floyd and Associates, to assist with a search for the new CEO. The board expects to name a replacement in early 2018.

Since Hood became CEO, Cornerstone's assets have soared to $425 million from $167 million, and its membership in Niagara County has increased 26 percent, to more than 48,000. The credit union has also added three new branches, bringing its current total to five, and has 111 employees.

Meanwhile, Cornerstone has created a new position of chief operating officer, to oversee day-to-day operations. That role will be filled by Mary Scheib, who was promoted from vice president of operations.

Mary Scheib, chief operating officer (Cornerstone Community Federal Credit Union)

Scheib joined the credit union in 1990, as a temporary employee, and became a permanent employee the following year. In her new role, she will have responsibility for operations, lending, information technology and maintenance.



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