Bob Corwin will become the new president and CEO of the $930 million Advantis Credit Union of Milwaukie, Ore. on Oct. 15, the credit union said.
Corwin currently serves as the CEO of Meritrust Credit Union of Wichita, Kan. Under his leadership, Meritrust CU has grown from $550 million in assets in 2008 to its current $830 million.
Corwin also has served as the executive vice president and COO of the $5 billion First Tech Credit Union, then based in Beaverton, Ore. First Tech is headquartered in Palo Alto, Calif.
“I am excited to return to my home state of Oregon, and I am looking forward to the opportunity of serving as president/CEO at a credit union highly recognized for its member advocacy,” said Corwin.
Advantis Board Chair Jake Jensen said Corwin was selected because he is a well-known and highly respected industry leader with a proven record of delivering strong operating results.
“The board saw Bob as a great fit to continue Advantis’ tradition of creating exceptional financial value for our members,” Jensen said in Friday’s announcement.
Corwin will succeed Ron Barrick, who announced his planned departure last September in order to give Advantis’ board of directors ample time to conduct an executive search. Barrick served as Advantis president and CEO for more than 25 years.
During Barrick’s tenure, Advantis has been recognized 30 times among its peers as the No. 1 credit union in the U.S. in returning financial value to its members, according to Callahan & Associates, the credit union said.
Last August, Barrick was appointed as vice chair of the Twelfth District’s Community Depository Institutions Advisory Council by the Federal Reserve Bank of San Francisco, believed to be a first for credit unions.