Kevin Skinner
The $1.1 billion, Seattle-based Salal Credit Union revealed plans Friday for its upcoming CEO transition – Kevin Skinner of Washington State Employees Credit Union will take over for current Salal CEO Russ Rosendal, who is retiring at the end of 2025.
Skinner brings more than 25 years of financial services experience, including leadership roles at Umpqua Bank, HomeStreet Bank, USAA and Washington Mutual, where he gained deep expertise in lending, operations and strategic growth. He most recently served as vice president of retail lending at the $5.1 billion, Olympia, Wash.-based WSECU, where he oversaw consumer and residential lending production, operations, credit risk and product development.
While serving at Umpqua Bank, Skinner led the Home Lending Division, managing nearly 700 employees across a $7 billion annual origination business, $5 billion portfolio of permanent and construction loans and $15 billion servicing operation. He also served on the Freddie Mac Regional Lender Advisory Board, Mortgage Bankers Association Secondary and Capital Markets Committee, and ABA Mortgage Markets and Lending Technology Committee. Currently, he serves as treasurer of the Board of Delegates for Homestead Community Land Trust, which creates permanently affordable homeownership opportunities for low- to moderate-income households in Washington State’s King and Pierce counties. Skinner holds an MBA from Emory University in Atlanta.
The Salal Board of Directors selected Skinner following an extensive national search conducted in partnership with Smith & Wilkinson.
“Kevin brings extensive experience leading large, complex financial organizations while maintaining a strong commitment to the cooperative values that define our credit union,” Salal Board of Directors Chair Brian Luong said. “His ability to build high-performing teams, drive innovation, and lead with purpose gives us great confidence in his capacity to build on Russ’s legacy and guide Salal into its next era of growth and service.”
Skinner commented, “I’m honored to join Salal Credit Union and the exceptional team that has built such a strong foundation. Salal’s vision for sustainable growth, innovation and expanding access to financial wellness aligns perfectly with my own values and experience. I look forward to building on that success and continuing to expand the ways we serve our members and communities.”
Skinner will join Salal on Dec. 1, 2025 to begin the leadership transition before officially assuming the CEO role on Jan. 1, 2026.
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