The $2 billion Royal Credit Union in Eau Claire, Wis., said Tuesday Randy Beck (pictured) will serve as interim president/CEO starting April 15.

He will replace Royal President/CEO Rudy Pereira, who announced last month his resignation to take the president/CEO position at the $2.2 billion Premier America Credit Union in Chatsworth, Calif. Pereira will succeed Premier America President/CEO John M. Merlo.

Royal's board of directors launched a nationwide search for its new president/CEO. The process is expected to take several months.

Though Beck was planning to retire on May 31, he agreed to stay on through the transition process.

Beck holds more than 40 years of experience at Royal and serves as its EVP of risk management.

“Randy's expansive knowledge of Royal and the credit union industry along with his commitment to our core purpose and values make him the right person to lead us through the transition process,” Royal Board Chair Doug Olson said in a prepared statement. “I want to thank Randy for his willingness to delay his future plans so that a seamless transfer of leadership can occur.”

Instant Insights /

Royal CU Appoints Interim CEO

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