The $4.8 billion San Diego County Credit Union announced the sudden retirement of President/CEO Irene Oberbauer, effective Feb. 4. SDCCU's board appointed Chief Operating Officer Tum Vongsawad as interim president/CEO. He joined SDCCU's senior management team in 2000 and has 23 years of experience in the financial services industry.
Oberbauer cited a recent breast cancer diagnosis as her reason for retiring. According to an official release, "Her prognosis is strong." In addition to her leadership roles in the credit union industry, Oberbauer was a high-profile executive in San Diego. She was featured in the January 2010 issue of San Diego Metropolitan magazine as a "Metro Mover to Watch" and received awards in 2009 from the San Diego Business Journal and San Diego's Daily Transcript. She was also recently featured in a local billboard campaign as a satisfied business customer of Cox Communications.
Under Oberbauer's leadership, SDCCU gained national ESPN television exposure, and criticism from bankers, when it signed on as the title sponsor of college football's Poinsettia Bowl in 2005.
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