AGCU appoints new CEO

Assemblies of God Credit Union has promoted a two-year employee to president and CEO.

Peter Shiner, who served as the credit union's senior vice president and chief risk officer since 2023 and has more than 15 years of financial industry leadership experience, was named to the top AGCU role effective April 7, according to a news release. He succeeds Bruce Webb, AGCU's president and CEO for nearly 10 years. Webb retired last week.

"I am honored to serve as AGCU’s next president and CEO, and I look forward to building a high-performing team that understands the power of relationships and values our members' trust," Shiner said in the release. "Together, we will continue to expand our services, embrace new opportunities and remain a faith-driven financial partner for our members."

AGCU officials say Shiner was selected after a nationwide search that yielded 19 applications for the credit union's next leader.

"His strategic vision, deep financial expertise and commitment to faith-based financial services make him the ideal leader to guide AGCU into the future," said Bill Perkin, treasurer of the AGCU board, in the release.

AGCU, which serves Assemblies of God churches, attendees, employees, retirees, schools and immediate family, ranked No. 1 on Springfield Business Journal's 2024 list of the area's largest credit unions. The company reported 2023 assets of $429.6 million, up from $369.4 million in 2022, and year-over-year increases in deposits to $317.9 million from $275.1 million and loans to $362.2 million from $319.2 million. AGCU's 2024 membership was reported at 12,863, up 2.8% from 2023.