Tarmo Lõbu steps down as President of Estonian (Toronto) Credit Union President
Dec 15, 2012 Estonian Life No. 50 2012
Tarmo Lõbu, who has served the Estonian (Toronto) Credit Union Limited (ETCU) during two tenures over twelve years, is stepping down from the position of President and Chief Executive Officer effective early 2013. ETCU wishes him the very best and thanks Tarmo for his hard work over the years.
Over the past twelve years, ETCU's assets have more than doubled to well over $100 million today. Tarmo's financial acumen has allowed ETCU to remain on top of an increasing challenging regulatory and business environment over a period which has seen the number of credit unions in Ontario decrease by close to 60%.
Over the past twelve years, ETCU's assets have more than doubled to well over $100 million today. Tarmo's financial acumen has allowed ETCU to remain on top of an increasing challenging regulatory and business environment over a period which has seen the number of credit unions in Ontario decrease by close to 60%.
Tarmo introduced the patronage dividend that is paid out to customers and has been instrumental in ensuring that members benefit from our highly competitive product and service offerings without the burden of fees on everyday banking transactions. The Board of Directors, on behalf of the members and staff of ETCU thanks Tarmo for his contributions to ETCU and wishes him well in his endeavours.
