The board of directors for Schools Financial Credit Union in Sacramento, Calif. announced Monday that Tim Marriott (pictured at left) was appointed its new president/CEO.
Marriott will replace current president/CEO Jim Jordan, who will retire Dec. 31 after 24 years of service.
Under Jordan's leadership, Schools Financial's assets grew from $311 million in 1991 to nearly $1.6 billion today.
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During his tenure, Jordan (pictured below) implemented a "Babies in the Workplace" program in 2001 that allowed new parents to bring their newborns or adopted babies to work for eight weeks or 10 weeks in the case of a cesarean delivery. Since the program began, 122 babies have joined their parents in the workplace.
Marriott was hired 18 years ago and served in several leadership positions, including executive vice president, vice president of audit and security, vice president of consumer lending, senior vice president of finance, and executive vice president of finance and consumer lending.
"Tim's exceptional results across all business functions, combined with using our commitment to members and core values to manage, made him an exceptional candidate for president/CEO," Marie Smith, Schools Financial's board chair, said.
Schools Financial serves more than 123,000 members and operates 11 branches in Sacramento and its nine surrounding counties.
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Peter Strozniak
Credit Union Times reporter covering credit union operations, fraud, M&As, leagues, business continuity, and breaking news.
