SAN DIEGO — The $3.8 billion San Diego County Credit Union found its new president/CEO, Irene Oberbauer, within its ranks.

Oberbauer took the helm of the credit union on Aug. 1. She has served at SDCCU in a number of capacities for the past 12 years, most recently as chief operating officer. Oberbauer succeeds Rod Calvao, who will retire this year after serving at the top spot for 15 years.

“It is an honor to be selected as the president and chief executive officer and to be succeeding such an outstanding leader in the industry,” said Oberbauer on her upcoming appointment and Calvao.

Shirley Jackson, SDCCU board chair, credits Calvao for his “solid focus” in making the financial institutions one of the most admired in San Diego.

“While we are sorry to have Rod leave, we support him in his decision and wish him the best for this new chapter in his life,” Jackson said.

On Oberbauer, Jackson said, “We are confident that her loyalty, commitment and true dedication to SDCCU will allow us to continue to experience more achievements and grow together.”

SDCCU serves nearly 185,000 members.