GAINESVILLE, FL- 1st Credit Union of Gainesville announces it has selected Timothy Cannon as its new Chief Executive Officer. Mr. Cannon brings over 15 years experience in the financial arena working in consumer finance, real estate, and commercial lending. He earned his Master of Business Administration from University of Florida while receiving numerous awards during his tenure at AIG. In 2005 Mr. Cannon made the transition into the credit union industry as Vice President of Real Estate and Commercial Services with Florida Credit Union in Gainesville. During his seven year tenure, he has played a critical role is growing the real estate and business lending portfolios for their organization during extremely difficult financial times. Mr. Cannon is passionate about his community, participating in many community events and has served on several non-profit boards of directors. He has also been active in the Alachua Chamber of Commerce. 1st Credit Union of Gainesville’s history is rooted in the rich history their City. Started by the City of Gainesville employees back in the 1940s, 1st Credit Union operated out of the basement of City Hall. Through the decades, it has seen growth, location changes, and merger. Today, 1st Credit Union of Gainesville is a $46M, two-branch, full-service financial institution.