Timothy Mackay Takes Helm as President and CEO of Landmark Credit Union

Landmark Credit Union Welcomes Timothy Mackay as President and CEO

Milwaukee, WI – October 2, 2025 – Landmark Credit Union, a prominent financial cooperative, has appointed Timothy Mackay as its new president and chief executive officer, effective October 13. This leadership change comes as Mackay succeeds Jay Magulski, who announced his retirement earlier this year after 12 years of service.

The board of directors conducted an extensive nationwide search with the aid of Korn Ferry, a global executive search firm, to find a leader who could steer Landmark Credit Union toward growth, implement necessary strategic changes, enhance member experiences, and uphold the organization's core values. Brian Dorow, chairperson of the board, expressed confidence in Mackay's capability, stating that he embodies the leadership style necessary to advance Landmark's mission.

Mackay is a seasoned executive with over 30 years of experience in the financial services sector. He has an impressive track record of not just meeting but exceeding growth objectives, optimizing operational efficiencies, and embracing technological advancements that keep financial institutions competitive. Previously, he served as the president of mortgage banking and bank operations at First Merchants Bank in Muncie, Indiana. Before that, he held leadership roles at Level One Bank in Michigan and Fifth Third Bank.

His community engagement resonates deeply with Landmark’s commitment to fostering strong ties within the community. Mackay has actively participated in various organizations over the past two decades, aligning with Landmark’s mission of building enduring relationships and enhancing community connections. In his own words, “Landmark is a truly unique organization, rooted in strong values, genuine care for its members, and a commitment to the communities it serves.” He added, “I am honored and excited to join the team and build upon Landmark's strong financial foundation.”

As part of the transition, Jay Magulski will continue to work as a senior advisor until his retirement from Landmark on December 31. Dorow thanked Magulski for his invaluable leadership and influence, noting the dedication he brought to the credit union, helping set the organization on a robust path for future growth.

Founded in 1933, Landmark Credit Union operates as a not-for-profit financial institution focused on member satisfaction through competitive rates and low fees, personal service, and enhanced experiences. With over $7 billion in assets and more than 400,000 members, the union maintains a significant footprint, operating 35 branches with a workforce exceeding 1,000 employees. As it moves forward under Mackay’s leadership, the credit union aims to empower member dreams, strengthen relationships, and adhere to its founding philosophy of “people helping people.”

For more detailed information, visit landmarkcu.com.

As Landmark Credit Union embarks on this new chapter, members and community stakeholders alike anticipate a period of innovation and sustained commitment, ensuring that the values that have defined Landmark for nearly a century continue to thrive.