Jax Federal Credit Union announced that President and CEO Gerri Sexsion will retire in the first quarter of 2019. She served in those roles since 1997.
Executive search firm DDJ Myers will lead a projected four- to six-month national search for her replacement.
Sexsion's retirement was announced Tuesday at the Jacksonville-based credit union’s annual member meeting, which was attended by about 200 members, staff and volunteers.
Charles McLeod Jr. and C. Eugene Worth retained their seats on the credit union’s board of directors.
The credit union said that under Sexsion's leadership, its assets more than doubled from $165 million to $394 million and the member base grew to more than 35,000.
“Our credit union is stable and prepared as we make this transition, with experienced staff in the branches combined with seasoned support teams in the back office,” said McLeod, the board chairman, in a news release.
Jax Federal Credit Union was founded in 1935 and serves more than 30,000 members in Duval, Clay, Nassau, Baker and St. Johns counties.
“It is my sincere hope that during my tenure, Jax Federal Credit Union has helped our members move a little closer to achieving their financial hopes and dreams,” Sexsion said in the release.