In an "amicable" decision made between Patelco President/CEO Ken Burns and the $3.9 billion credit union's board, Burns will resign effective sometime this summer.
Both Burns and Patelco Chairman Peter Hanelt confirmed the split with Credit Union Times March 18, and the 274,000-member credit union posted a notice on its website later that day.
Burns said there is no unsolved mystery to his resignation. The decision merely reflects his desire to seek a new challenge.
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