The $118 million Capitol Credit Union appointed Pierre Cardenas as its new president/CEO, the Austin, Texas-based cooperative said in a prepared statement Wednesday.
"Pierre's knowledge of credit unions and extensive experience in the financial services industry makes him the perfect fit," Michael Jones, Capitol CU board chair, said. "Pierre's background in retail and service will give Capitol Credit Union great leadership that focuses on providing members with the service they have come to expect from our credit union."
Over the last four years, Cardenas worked as a consultant with CU Lending Advice. Prior to that, Cardenas served as the senior vice president of retail at the $710 million Amplify Credit Union , also in Austin, where he implemented many new initiatives such as centralized lending, an indirect lending program and a new loan origination system.
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Cardenas holds a bachelor's degree in management from the University of Texas El Paso and a master's of business administration from the University of Phoenix.
"Capitol has a great reputation for really caring about its members and I am looking forward to assuming the role of president/CEO and being a part of the organization," Cardenas said.
Upon assuming his new position, Cardenas will become only the third permanent president/CEO in the credit union's 60-year history. Capitol CU serves more than 12,000 members.
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Peter Strozniak
Credit Union Times reporter covering credit union operations, fraud, M&As, leagues, business continuity, and breaking news.
