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Tom Neumann – CEO of First Source FCU Announces Retirement

Tom Neumann – CEO of First Source FCU Announces Retirement

Tom Neumann, President/Chief Executive Officer of First Source Federal Credit Union announced his retirement as of the first quarter of 2025. He has given us 30 years of outstanding leadership, compassion, and stewardship. The Board of Directors and all employees of the Credit Union thank Tom for his inspiration, determination, and guidance.

Since Tom stepped into the President/CEO role in 2017 we have reaffirmed our commitment to our vision, mission, and Member Value, established financial sustainability, sharpened our strategies for growth and innovation, and developed an exceptional leadership team for the future.

Tom came to the Credit Union in 1994 where he began his journey as our Chief Financial Officer. Over the next 23 years he became our Chief Operating Officer and then Executive Vice President before being appointed President/CEO.

"I'm proud of what we have accomplished at First Source and of the incredibly talented and committed people I work with every day," said Neumann. "Together, we have reimagined financial services and worked to improve the financial well-being of our members. First Source makes a difference every day for its employees, members, and communities. The organization is positioned for a bright future. It has been a huge privilege to have the opportunity to lead this great organization for the past 7 years. I will support the Board in any way needed as they work to identify the best candidate to lead our amazing First Source team, as we continue to innovate, change, and grow while maintaining our unique Member Value culture that makes us so special.”

Please join us in wishing Tom well in his retirement—and we thank him for his service and expanding the impact of our vision and mission.

For more information, please contact Katie Ullman, at or 315-735-8571.

About First Source:

First Source Federal Credit Union is a full-service financial institution, with savings and loan solutions, serving Members and our community since 1938. Originally founded as Utica Teachers Federal Credit Union, the name changed to First Source in 1992 to better reflect our broad and diverse membership. First Source provides financial solutions with a personal approach to each Member, building meaningful relationships in order to help Members afford each stage of their life.

First Source strives to help Members make smart financial decisions and help our community grow and thrive. We serve over 60,000 Members with current branches in New Hartford, Washington Mills, South Utica, North Utica, Herkimer, and Rome; a Member Care Center, and Online & Mobile banking. Our members have access to First Source Interactive ATMs as well as over 30,000 nationwide surcharge-free ATMs. Connect with First Source and learn more at, through Instagram, LinkedIn, Facebook, or Twitter.

Additional Info

Media Contact : Katie Ullman Associate Director of Marketing & Community First Source Federal Credit Union 315-735-8571 ext. 1134

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