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Mike Quamma will become president/CEO of SESLOC Credit Union in San Luis Obispo, Calif., the board of directors said.
He will succeed current President/CEO Geri LaChance, who plans to retire in June after 12 years of service.
During her tenure, the credit union increased assets from $560 million in 2012 to its current assets of $1.1 billion, while loans grew from $322 million to $866 million and membership expanded from 33,907 to more than 58,000, according to NCUA Call Reports.
"It's hard to aptly summarize the legacy Geri will leave at SESLOC after 12 years at the helm of the credit union. She will leave SESLOC well-positioned for the future thanks to the myriad of changes she has championed," SESLOC Board Chair Tom Lebens said in a prepared statement. "Geri will be deeply missed, but her retirement is richly deserved. We all thank Geri for her wonderful and impactful leadership at SESLOC."
Mike Quamma Quamma, who currently serves at SESLOC's CFO, joined the credit union in March 2020 and was instrumental in ensuring the financial stability and resilience of the credit union during the challenging times of the pandemic and its aftermath.
With nearly 30 years of credit union experience, he held senior positions at the $1.1 billion Seattle Metropolitan Credit Union and the $29.8 billion Boeing Employees Credit Union in Tukwila, Wash., SESLOC said.
"Mike has also been a visionary leader in developing and implementing our long-term growth plans and strategic initiatives, with a focus on enhancing our products, services and digital capabilities for our members," Lebens said.
SESLOC's 185 employees operate seven locations.
The board of directors for Wildfire Credit Union in Saginaw, Mich., said Benjamin Denay has been selected as its next president/CEO.
He will succeed Tim Benecke, who served as president/CEO for 15 years and announced his retirement last September.
During his CEO tenure, the credit union increased assets from $454 million to its current assets of $1 billion, while loans grew from $191 million to $594 million and membership expanded from 31,000 to more than 48,000, according to NCUA Call Reports.
Benjamin Denay Denay holds nearly 22 years of experience in the financial services sector, including a lengthy career in management with Garber Management Group, an umbrella organization for 23 new-car dealerships, representing 16 franchises across six states.
Most recently, Denay served as CFO of the Saginaw-based Gateway Financial Solutions, a $400 million consumer auto finance organization, according to the credit union.
"Ben has the experience and long track record of leadership and success in the financial services sector as well as the fresh perspective that we were looking for in our CEO," Wildfire Board Chair Ken Voelker said in a prepared statement. "He knows our community well and demonstrated his commitment to making the community better, which aligns perfectly with the values of our credit union."
Wildfire's 193 employees operate seven locations.
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