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Colorado’s largest credit union by assets, the $4.8 billion Ent Credit Union, said Monday its President/CEO Randy Bernstein will retire in October.

His successor will be Chad Graves, the cooperative’s current senior executive vice president of operations and technology, Ent’s board of directors said in a prepared statement.

Bernstein joined the Colorado Springs-based credit union about 20 years ago and was named its president/CEO in 2014. Under his leadership, Ent CU grew its total loans$2.6 billion in 2014 to $3.6 billion at the end of this year’s first quarter. Membership also increased from 234,716 in 2014 to 286,045 by March, according to the credit union’s Call Reports. 

Graves has worked closely with Bernstein for the past several years and the two share similar operational and leadership styles, according to Ent CU’s prepared statement. In recent years, Graves played a key role in the design and execution of credit union’s growth strategy, identifying communities with high market opportunity and selecting sites for new service center locations.

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Peter Strozniak

 

Credit Union Times

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