After 30 years at Spokane Teachers Credit Union, 20 of which he served as president/CEO, Steven L. Dahlstrom will retire effective at the end of this year.
STCU Vice President of Administration Thomas A. Johnson has been promoted to executive vice president and on Jan. 1, he will be become STCU's fourth president/CEO.
Johnson has a background in education and served as a vice president at Whitworth University from 1989 through 2006. In 2008, Gov. Chris Gregoire appointed Johnson to the Washington Higher Education Facilities Authority, which helps private colleges obtain tax-exempt bonds for financing building projects. He also serves on the Spokane Public Schools Diversity Advisory Committee.
Dahlstrom who got his start as STCU as assistant manager in April 1980, is credited with leading STCU through a period of growth, which includes 11 branches in Washington and three in Idaho, plus offering members a robust website that's busier than any branch.
Dahlstrom plans to continue his work to strengthen the community, as a board member for Greater Spokane Inc., among other activities.
"For 30 years, it's been my pleasure to serve STCU and our members. We've built a team that enjoys working together and takes great pride in meeting needs," Dahlstrom said. "It's bitter-sweet to leave. Yet, I know the credit union will continue to thrive with Tom."
Johnson plans for the Spokane, Washington-based credit union include making the most of technology to improve STCU's ability to meet members' changing needs, both online and in branches.
"STCU will continue to innovate, while never losing sight of the importance of one-on-one relationships," Johnson said. "Steve managed to strike a balance between the two, and we will continue in that tradition. We'll always be the credit union people know and love."