Credit Unions Appoint New CEOs, Announce Retirement

Credit unions in California and Pennsylvania recently appointed new CEOs, while Arizona’s third largest credit union announced its CEO’s retirement, launching a search of a new leader.

The board of directors for the $275 million Cabrillo Credit Union in San Diego said Wednesday it appointed Anne McClure as the new president/CEO.

She replaced Dean Odle.

McClure was named interim CEO in May 2018 after working as the credit union’s chief operations officer. She also served Cabrillo’s senior vice president of Human Resources and Compliance.

McClure launched her career with Cabrillo in 1992 as vice president of marketing and has worked in the banking industry since 1989.

“The board is very eager to see where Anne leads Cabrillo,” said Board Chair Bruce May. “Her experience as a dedicated credit union executive of more than 25 years has prepared her well for this new leadership role, and we feel Anne will continue to grow and strengthen Cabrillo for many years.”

Joseph E. Marchese will become acting president/CEO of the $67 million Hershey Federal Credit Union in Hummelstown, Pa. on July 2, its board of directors said Thursday.

Hershey FCU’s current President/CEO Paul R. Wagner said he plans to retire in February 2019.

Marchese most recently served as the assistant vice president and agricultural and commercial relationship manager at Ephrata National Bank. Before that, he was the commercial relationship manager at Member Business Financial Service. He also worked as a branch manager at Jonestown Bank & Trust Company and Fulton Bank.

“The board of directors is strategically working to attract members of the millennial generation,” said HFCU Board Chair Richard Miller. “We are pleased to not only find someone in this age group, but with the unique experience Joe brings to position HFCU for the future.”

Arizona’s third largest credit union by assets and second largest by members, the $1.9 billion Vantage West Credit Union in Tucson, said Thursday its President/CEO Robert D. Ramirez plans to retire when his successor is named.

The board of directors has established a search committee for a new CEO.

Under Ramirez’s leadership, Vantage West’s assets grew from $497 million in 2000 to today’s $1.9 billion, while membership increased from 82,936 to 150,432. The credit union’s number of jobs also grew from 241 full-time staffers and 18 part-time employees in 2000 to 454 full-time staffers and 11 part-timers at the end of the first quarter.

During his tenure, Ramirez served the national credit union movement by participating in a number of volunteer committees and boards and received various local, regional and statewide awards that recognized his excellence in executive leadership. In 2016, he was inducted into the CUES Hall of Fame and in 2017, he was appointed to serve on the Twelfth District Community Depository Institutions Advisory Council for the Federal Reserve Bank of San Francisco.