Former President/CEO and Chairman of the Board of iTHINK Financial Credit Union, Lary B. McCants passed away.
Mr. McCants was employed by iTHINK Financial starting in 1988 and retired in 2013. His first five years with the credit union were spent in the position of Executive Vice President of Operations. In 1993, Lary was appointed to President/CEO, where he served for 20 years. In his time as CEO, Lary oversaw the growth of the credit union from $261 million in assets to $834 million in assets. Six additional credit unions were merged into the field of membership while he was CEO and the credit union’s network expanded from 4 to 15 branches. Under his leadership, he orchestrated the Credit Union’s early adoption into mobile banking, electronic services and social media, giving iTHINK Financial members 24/7 remote access to their accounts, services and information.
Prior to working at iTHINK Financial, Lary was employed by the IBM Corporation for 21 years. His last position at IBM was Distribution Functional Manager for the PC Division in Boca Raton. Lary was the 64th member to join the IBM Boca Raton Employees Federal Credit Union when it was founded in 1969. In 1972, Lary was nominated to the Board of Directors of the Credit Union and served as Board Chairman for several years until he went to work for the Credit Union in 1988. While he was Credit Union President and CEO, Lary was very active in the Credit Union industry serving as a Member and Chairman of the Board of the Credit Union Executives Society (CUES), Board Director and Marketing Committee Chairman of the Florida Credit Union Shared Services Organization, and member of the Political Action Committee of the Florida Credit Union League.
Michael Miller, current President/CEO at iTHINK Financial, said, “Lary was an inspiring and caring leader. He will be remembered as a true legend in the iTHINK Financial history books. He was very kind and encouraging to everyone who knew or worked for him. Lary always had a story to tell, and he considered the credit union his baby. His 50 years of service in the credit union industry is extraordinary. He will be greatly missed by all.”
Lary is survived by his wife Pat, his three children, Chris, Kevin, and Missy, 5 grandchildren, and 1 great-grandson. To honor Lary, the iTHINK Community Foundation will present a $2,500 award to a worthy student during the scholarship application period each March beginning in 2024. You can donate in his honor by visiting our website at ithinkfi.org/foundation. On the Donation Widget, select the drop-down and choose the “Lary McCants Memorial Scholarship Donation.”
About iTHINK Financial
iTHINK Financial, established in 1969, is a growing and dynamic credit union, with more than 100,000 Members worldwide and over $2 billion in assets. A credit union is a not-for-profit financial institution that is owned by its members. Credit unions generally offer high-yield deposits, low interest-rate loans and low fee structures. iTHINK Financial offers a complete range of products and services including: Checking and Savings accounts, Money Market accounts, Certificates, IRAs, First and Second Mortgages, Car Loans, Visa® Credit Cards, Business Accounts, Business Loans, Business Services, and much more