The management switch at two large West Coast credit unions drew tributes and messages of support Wednesday from NASCUS.
In a press statement, the trade group representing state regulators lauded the retiring head of the $9.7 billion BECU, Gary Oakland, for being instrumental in the formation and lasting contributions of NASCUS’ Credit Union Advisory Council.
As chairman of the council, Oakland was a stalwart supporter of the state system, said NASCUS.
“As one of the founders of the NASCUS Credit Union Advisory Council, Gary was a strong believer in the benefits of a forum where state credit unions and state regulators could work together toward the shared interests of the state credit union system," said NASCUS President/CEO Mary Martha Fortney.
Oakland, who is retiring next April after 25 years as CEO, is being succeeded at BECU of Tukwila, Wash., by Benson Porter, president/CEO of the $5 billion First Technology FCU of Palo Alto, Calif.
“I can confidently say that NASCUS and the Credit Union Advisory Council would not be what it is today without Gary's influence and dedication,” said Fortney, also noting that Oakland has "proudly represented Washington credit unions and tirelessly supported the state charter during his distinguished career.”
At the same time, NASCUS said it would also take this opportunity to welcome Porter in his new BECU job.