Meriwest Credit Union has announced that Christopher M. Owen, president/CEO will be initiating a transition plan to retirement late this summer. Owen's decision to retire will bring to close a career of 22 years of service with Meriwest Credit Union.

During Owen's tenure, the San Jose, Calif.-based credit union migrated from a single-sponsor credit union serving primarily IBM employees to providing financial services within a multicommunity footprint. Through market and branch expansion, Meriwest assets quadrupled during Owen's tenure to now exceed $1 billion. 

Meriwest Chairman Charles Munch said, "Chris' leadership of Meriwest over the years has been impressive, reorganizing the company, delivering growth and developing a clear forward strategy with a strong portfolio of new opportunities. I and the board of directors greatly appreciate that Chris successfully navigated the credit union through unprecedented economic challenges and is now leaving Meriwest on solid financial footing".

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With Owen's endorsement and support, the company's board of directors has unanimously elected Julie Kirsch as the incoming president/CEO. Kirsch has served as executive vice president and chief operating officer.

"For years, we've been working together to ensure that we have a strong and balanced senior management team," said  Owen. "Our succession planning is developed to ensure Meriwest remains a sound, healthy institution with relevant products that meet all the financial needs of our members. I believe this mission will be carried forward under Julie's direction."

In 1996, Kirsch was appointed chief operating officer responsible for the management of Meriwest' s financial services, support services, lending, marketing, business development and e-business divisions. Her further appointment to executive vice president was a critical step in the succession planning process, the credit union said.

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