Gustafson retires from SCU Credit Union

After working in the local financial industry for more than 50 years, Robert (Bob) W. Gustafson, Executive Vice President of SCU Credit Union, will retire on June 30, 2022.

Bob started his banking career at Plymouth Home National Bank while he earned his undergraduate degree in accounting from Bentley College and his Master of Business Administration in finance at Babson College. He quickly rose through the ranks.

In 1993, Bob became the CEO of Crescent Credit Union in Brockton. Bob noted that, “The goal was always to manage the credit union and staff as effectively as possible and give our membership the best service we could”. During his time as CEO, Crescent’s assets increased from $160 million in 1993 to $450 million in 2019. He also led Crescent through mergers with Uniti Credit Union and Brockton Postal Employees’ Credit Union. Crescent Credit Union and Sharon Credit Union merged to create SCU Credit Union on January 1, 2020. Since the merger, Bob has been the Executive Vice President at SCU, working as a strategic advisor and focusing on being out in the community for members.

After growing up in Brockton, Bob was determined to give back to the community that was now providing him with a living. He has spent countless hours serving on boards and committees for local organizations throughout his career. He is currently on Stonehill College’s Executive Committee for Development and previously served in various positions for the following organizations: Good Samaritan Medical Center in Brockton, United Way of Greater Plymouth County, Fuller Craft Museum in Brockton, Goddard Memorial Hospital in Stoughton, Brockton Day Nursery, the Boys & Girls Club of Brockton, the Brockton Visiting Nurses Association, and Massasoit Community College in Brockton and Canton.

Bob’s community involvement has been recognized with awards such as being named the 2016 Brockton Boys & Girls Club gala honoree and the recipient of the Massachusetts Hospital Association 2008 Trustee Excellence in Leadership Award.

In retirement, Bob is looking forward to continuing to serve on the Advisory Board at MSIC and remaining active in the community.