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MCCU's DeGroodt to Retire; Gray Named Successor

Dennis DeGroodt, President/CEO of Missouri Corporate Credit Union, will retire effective July 31, 2013. Kathleen (Kitty) Gray, current Chief Financial Officer, will assume the role of President/CEO as of August 1, 2013.

DeGroodt has served the organization as President/CEO since September 1997. During his tenure, Missouri Corporate grew to $1.2 billion in assets and served credit unions all across the nation. Under his leadership, Missouri Corporate earned the Missouri Quality Award in 2006, the state’s highest organizational performance honor. At that time, only 38 organizations had won the award over a 13-year period. In 2007, DeGroodt was awarded the Governor’s Quality Leadership Award.  In 2011, the Corporate weathered the corporate credit union crisis and successfully re-capitalized. Today, Missouri Corporate has 157 member credit unions in Missouri, Oklahoma, Illinois and North Dakota.

DeGroodt started his credit union career in 1978 as a volunteer board member for Missouri State Employees Credit Union in Jefferson City, Mo. He served as President of Wetterau Employees Credit Union from 1983 to 1991, as Vice President of Operations for Missouri Corporate Credit Union 1991-1992, and as Vice President of Corporate Relations for U.S. Central Credit Union from 1992 to 1994.  From 1994 to 1997, DeGroodt was President of Dennis DeGroodt & Associates, LLC, a credit union consulting firm.

During his career, DeGroodt held various CU chapter positions, and served on the boards of both the Missouri Credit Union League and the National Credit Union Foundation. He currently sits on the board of the Excellence in Missouri Foundation. DeGroodt earned the Certified Credit Union Executive (CCUE) designation in 1984 and the Credit Union Development Educator (CUDE) designation in 2007.

Kitty Gray has served as Missouri Corporate’s CFO since starting with the organization in 1999. Prior to joining Missouri Corporate, Gray had more than 16 years of experience in public accounting with Rubin Brown in Clayton, Mo., and KPMG Peat Marwick’s St. Louis and Dallas offices.  Gray also served as Vice President & Controller for a credit card company in Wilmington, De. for three years.  A graduate of St. Mary’s University in San Antonio, Gray is a certified public accountant (CPA), a chartered global management accountant (CGMA), and received her Master of Science in Taxation from Fontbonne University in St. Louis.  Gray also earned the Credit Union Development Educator (CUDE) designation in 2008 and is a member of the Women’s Association of Credit Union Leaders (WACUL). 

“We are very sad to see Dennis retire,” said Dave Osborn, President/CEO of Anheuser-Busch Employee’s Credit Union and Chairman of the Missouri Corporate Board of Directors. “He has been an outstanding leader and has guided us well through both calm and rough waters,” said Osborn. “We are equally happy to announce the selection of Kitty Gray as the new President/CEO of Missouri Corporate. Kitty has been a wonderful CFO and we know she will provide the necessary leadership to take the Corporate into the future.”