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Bay Credit Union Announces New CEO

Panama City, FL (9/25/20)  – Bay Credit Union recently announced its board of
directors has selected Mike Akers as the credit union’s new Chief Executive
Officer. Akers started in August 2020 and brings to the role 17 years in the
credit union industry.

Chairman of the Board, Gary Bliss, commented “Mike Akers brings his passion for credit unions and a fresh vision to Bay CU, as well as a goal to become a lending leader in the Bay County area.  We are very lucky to have such a dynamic and compassionate leader to build on our strong brand and navigate us through these uncertain times.“

In his previous role as CEO of FLAG Credit Union, he was known as an excellent financial strategist as well as a strong team leader. He oversaw the credit union’s record-setting growth in loan production and revenue. During his first year of leadership the credit union was named the  “Credit Union of the Year” in their asset class from the League of Southeastern Credit Unions.

Akers earned both an undergraduate and a Master’s degree from Florida Atlantic University in Boca Raton and subsequently became a Community Development Certified Financial Counselor through the National Credit Union Foundation as well as a Credit Union Development Educator through the National Cooperative Business Association.

One of Akers’ strengths is in finding ways to improve the bottom line through efficiency and revenue growth. In his first month, Akers has already made an impact at Bay CU, renegotiating contracts and streamlining processes to save the credit union hundreds of thousands of dollars annually.

“I’m excited for this opportunity to serve our Bay area community and continue to strengthen the relationships we’ve built with our members. Like many of our neighbors, we’re still in the process of recovering from the devastating effects of Hurricane Michael.  It’s a new day at Bay, and I’m proud to be a part of the rebuilding process.”

Bay Credit Union was established in 1952 and is a community chartered credit union. The credit union’s mission to provide the best possible financial and depository services to meet our members’ needs, promote growth and stability, and enhance our community.

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