Florida Rural Electric Credit Union Announces Paula Tuten as New CEO

Florida Rural Electric Credit Union announces Paula as their new President and CEO.  Paula will assume her new duties on July 1, 2017 after serving the past five years as the credit union’s Compliance Officer and Vice President. During her employment with the credit union, Paula has been instrumental in the growth of the credit union’s membership, as well as the products and services offered.

Mrs. Tuten is a 2015 Graduate of the CUNA’s Southeastern Regional Credit Union Management School at the University of Georgia and has approximately 25 years of experience in the financial services industry. She is extremely knowledgeable and understands the electric cooperative world and its operating environment. Her husband John is a 26 year veteran employee of Tri-County Electric Cooperative.

Florida Rural Electric Credit Union’s Board of Directors wishes a fond farewell to their current President and CEO Kenn Rice, who is retiring after 18.5 years of dedicated service and leadership. The Board extends its thanks to him for an outstanding job and for making them an exceptional credit union. During Kenn’s tenure, the credit union completed a successful merger and grew to over 3800 members and approximately $29 million in assets.

With the full support and endorsement of the credit union Board of Directors, he led the credit union staff to successfully implementing a wide variety of new electronic products and services now available to members to complement FRECU as a full service financial institution.

Kenn’s thought on retirement “live each day to its maximum without plans or constraints, simply take each day as it comes.” His exit thoughts on the credit union – “I fully intend on maintaining my credit union membership as I truly believe it to be as a cliché-diamond in the rough – where excellent member service is priority one. I leave knowing the credit union is financially sound and in great hands with my successor.”

About Florida Rural Credit Union
Florida Rural Electric Credit Union was chartered in December 1975 to serve the Rural Electric Cooperatives in Florida.  The Credit Union was housed in the Florida Electric Cooperatives Association, Inc., (FECA) building in Tallahassee and served as a supported entity of the Associations member services.
In January 1999 the Credit Union Board of Directors moved the Credit Union to a totally self-supporting entity separate from the FECA umbrella.
Today, the credit union remains in the FECA building and has held to its founding membership base the Rural Electric Cooperatives.  The Credit Union serves 15 active cooperatives and two power generating stations.  Together these cooperatives service members in 52 of Florida’s 67 counties.
The Credit Union is a full service financial institution, whose member shares are insured by the NCUA (National Credit Union Administration), a government agency for up to $250,000 each. For more information visit www.frecu.org.