New Hampshire's largest credit union and one of Oregon's largest credit unions appointed new CEOs.
After serving as its interim president/CEO since February at the $2.9 billion Service Credit Union in Portsmouth, N.H., David Van Rossum was appointed president/CEO, according to an Aug. 1 SCU prepared statement.
In Portland, Ore., the $1 billion Unitus Community Credit Union announced Monday Steven Stapp was named president/CEO. He will replace Unitus Community President/CEO Patricia Smith, who will retire Nov. 1 after 14 years of service.
Rossum replaced Gordon Simmons, who left the Portsmouth-based credit union on Jan. 31. SCU did not reveal the reason for Simmons' departure.
He joined SCU in 2015 as a chief administration officer and served as president/CEO of the credit union's four CUSOs. Before becoming an SCU employee, he served on the cooperative's board of directors from March 1991 to March 2015.
Rossum previously worked as a CFO for Tyco Telecommunications, BAXL Technologies, Russound and Endicott Interconnect Technologies Inc.
“As a demonstrated strategic executive leader, we have seen firsthand how capable and qualified David Van Rossum is to take on the pivotal role of president/CEO,” David Hanchett, board chair, said in a prepared statement. “I know I can speak for the entire board of directors when I say that the future of the credit union and the needs of our members are in good hands with David.”
SCU operates more than 50 locations and serves 228,792 members.
Stapp served as president/CEO of the $1 billion San Francisco Federal Credit Union since August 2008. During his tenure, the credit union increased its assets from $650 million to more than $1 billion. Membership also grew more than 12%, according to a Unitus Community prepared statement.
Before joining San Francisco FCU, he served as CFO for the $3 billion Redwood Credit Union in Santa Rosa, Calif., and was SVP of branches for the $10.2 billion Golden 1 Credit Union in Sacramento. Stapp also worked as controller for River City Bank in Sacramento and as a senior manager for KPMG.
“Steven is a seasoned CEO with a strong track record of growing credit unions through progressive strategies that enhance service and value to the membership,” Susan Iggulden, Unitus Community's board chair, said in a prepared statement. “His demonstrated commitment to the credit union movement and community service align very well with Unitus' vision, culture and values.”
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