William Rissel announces retirement

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William J. “Bill” Rissel, president and chief executive officer of Fort Knox Federal Credit Union, announced his retirement from that position effective July 1, 2014.

Rissel leaves after 23 years as CEO of the now $1.2 billion in assets credit union serving more than 80,000 members throughout central Kentucky and around the world.

He will be succeeded as president and CEO by Ray Springsteen, currently the executive vice president at Fort Knox Federal. Springsteen’s appointment is the culmination of a five-year transition process initiated by the board of directors.

Springsteen has worked in the credit union movement since 1993. In 2009, he was appointed senior vice president at Fort Knox Federal Credit Union and was later promoted to executive vice president in 2012. Springsteen worked for 10 years at Callahan & Associates, a national service and consulting organization for credit unions.  He also served on the senior leadership team for six years at Service Credit Union, now a $2 billion credit union that serves the U.S. military and many New England communities. Springsteen completed his undergraduate work at Old Dominion University with a major in finance and his MBA at George Washington University with a concentration in finance.