The Passing of CEO, Bob Marquette

Members 1st Federal Credit Union reported on Monday, July 3, the passing of Bob Marquette, its CEO.

In a communication sent to its associates, the credit union’s board of directors stated, “Our thoughts and prayers are with Bob’s family and loved ones. Please join us in giving them time and privacy to mourn.”

Under Marquette’s leadership, the credit union grew from $400 million to its current asset total of $3.6 billion, with 60 branches and more than 365,000 members. Marquette also helped grow the credit union’s employment from 150 associates in 1986, to more than 1,000 today.

Members 1st Federal Credit Union’s board of directors has officially appointed George Nahodil as acting President and CEO. 

“We are all mourning the sad and sudden news of our leader’s passing,” said Nahodil. “While we continue to give Bob’s family our heartfelt thoughts and prayers—as well as offering them respect and privacy—we are currently planning a fitting tribute to Bob’s remarkable legacy at Members 1st FCU.”

 “The credit union remains financially strong, and we will continue our mission to serve our members.” stated Members 1st Board of Directors Chairman, John Devlin. “Additionally, the executive leadership team is very seasoned with more than 75 years of combined tenure. We stay committed to providing quality financial products and services to our valued members, while continuing to be an integral part of our community.” 

In the coming days, the credit union will provide further details on the plans to honor Bob Marquette.


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