Christina Lethlean, president/CEO of the $1.2 billion Gesa Credit Union in Richland, Wash., since 2007,will resign from her post July 5.
|A statement released by Gesa's board of directors Tuesdayafternoon said “her decision to leave Gesa is centered around herdesire to seek new challenges.”
|Effective immediately, the board has appointed Don Miller, chiefsales officer, as interim CEO. He joined Gesa in 1987 and hasserved in a variety of executive roles throughout hiscareer.
|“The board of directors thanks Christina for her years ofservice and for navigating Gesa through the growth that our creditunion has experienced over the last several years,” the statementsaid.
|“Christina's foresight led to an augmentation of Gesa's productsand services which helped to attract new business and resulted ingrowth in the number of members choosing Gesa as their primaryfinancial institution. During her tenure, financial performanceimproved and the credit union achieved significant strategicmilestones. The board of directors wishes Christina success in herfuture endeavors.”
|Under Lethlean's leadership, Gesa has grown its assets from $802million in 2008 to $1.2 billion in 2012. The credit union's netincome also has soared from $1.6 million to $15.8 million in thesame years, according to NCUA financial performance reports. Gesa'smembership also has increased from 74,499 in 2008 to 113,079, as ofMarch 31.
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