Valley Federal Credit Union of Billings, Mont., has announced the selection of Michael Silvers as the credit union's next president/CEO, effective Jan. 23.
Silvers succeeds retiring CEO C.H. Steele, who has provided executive leadership for the past 26 years.
“After a national search, my fellow directors and I are very pleased to announce that Michael is joining our organization,” stated Chuck Sommers, chairperson of the board.
“Michael is an astute executive bringing with him more than 32 years of financial services experience in the areas of leadership, management and strategic planning.”
Silvers comes to Valley Federal Credit Union from the $432 million Patriot Federal Credit Union in Chambersburg, Pa. There he served as chief operations officer, overseeing the satisfaction of more than 43,000 members through a variety of touch points including branches, call center, lending and marketing.
Valley Federal Credit Union first opened its doors in 1949 as a Farmers Union Coop. Today, it serves 24,000 members living in Yellowstone, Musselshell, Golden Valley, Sweetgrass, Stillwater and Treasure counties, plus Carbon and Big Horn County along the Wyoming state line, and Park County in Wyoming. The credit union currently operates six Montana branch offices and one in Wyoming, managing assets of $170 million.