Gustafson retires from SCU Credit Union

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Robert Gustafson, longtime CEO of the former Crescent Credit Union, plans to retire on June 30.

Gustafson became the CEO of Brockton-based Crescent Credit Union in 1993. When the credit union merged with Sharon Credit Union in 2020 – creating Sharon & Crescent United Credit Union – Gustafson became the executive vice president of SCU Credit Union, working as a strategic advisor and focusing on being in the community, SCU Credit Union said in a statement.

Gustafson began his banking career at Plymouth Home National Bank. During his tenure as CEO of Crescent Credit Union, the institution’s assets grew from $160 million in 1993 to $450 million in 2019, according to the release.

“The goal has always been to run the credit union and staff as efficiently as possible and to provide our members with the best possible service,” Gustafson said in the statement.

In addition to the merger with Sharon Credit Union, now with $1.2 billion in assets, Gustafson led Crescent through mergers with Uniti Credit Union and Brockton Postal Employees’ Credit Union.

Gustafson is currently a member of Stonehill College’s Executive Committee for Development and has held various positions on the Board of Trustees over the years. He plans to remain on the advisory board of the Massachusetts Share Insurance Corp. during his retirement, according to the statement.

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