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Schroeder Left on "Good Note"; Wants to Stay in CUs

ORANGE COUNTY, Calif. - Joe Schroeder is in "good spirits" nearly a month after he resigned as president/CEO of Financial Partners Credit Union. "I'm looking at other opportunities right now. My preference is to stay with credit unions," Schroeder said. Schroeder would not discuss specific details about his resignation but...

By Staff Writer | Updated on January 13, 2004

ORANGE COUNTY, Calif. – Joe Schroeder is in “good spirits” nearly a month after he resigned as president/CEO of Financial Partners Credit Union. “I’m looking at other opportunities right now. My preference is to stay with credit unions,” Schroeder said. Schroeder would not discuss specific details about his resignation but did say that the $611 million credit union has a “good executive management team and a good board.” He resigned on Dec. 17, 2003 after eight years at the helm. Jim Spetz, a member of the Financial Partners’ Board, has been named interim president/CEO. Schroeder has been in the credit union industry since 1978 and in addition to his Financial Partners post, served as president/CEO of Point Loma Credit Union from 1990 to 1995. He was promoted from vice president to the top spot at Financial Partners. “I’m moving forward,” he said. “I feel confident that I’ve left the credit union in good shape.” Schroeder said there is some flexibility on relocating from California but because he has three teenagers, “there would have to be some discussion” with his family. He reiterated that the credit union industry – even another president/CEO post – is his first preference followed by other financial services institutions. A search is underway to find a permanent CEO while Spetz oversees Financial Partners, according to a statement from the credit union.

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