Russell Rosendal, former chief financial officer at Salal Credit Union, has been promoted to president/CEO.
With 25 years of experience in the financial industry, Rosendal, who joined the staff in September 2008, has been credited as instrumental in the Seattle-based credit union’s continued success and stability during the recession.
In the years since he joined Salal, the credit union has grown from $254 million to $344 million in assets, and has $300 million in deposits. “We’ve been able to focus on tomorrow when others were just hoping to survive today. A lot of that is due to Russ’s knowledge and counsel,” said Alan Lederman, board chair.