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Ricky Otey was appointed president/CEO of the $2.3 billion Partners Federal Credit Union, the Burbank, Calif.-based financial cooperative said Monday.
He replaced Karen Spires, who was named interim CEO earlier this year after the departure of John Janclaes, who became president of NYMBUS CUSO in Temecula, Calif., in February. Spires will resume her duties as CFO for Partners.
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For seven years, Otey served as COO of the $1.7 billion Sharonview Federal Credit union in Indian Land, S.C., which serves nearly 100,000 members. Otey received the 2020 National CUES Exceptional Leader award for his strategic leadership and impact on building positive relationships and developing an extraordinary culture, according to Partners.
Rick Otey Before joining the credit union movement in 2014, he held executive positions with First Niagara Bank, Capital One and First Union Bank.
"Ricky brings the leadership skills needed to guide the credit union forward and will be a partner to the board of directors as we work together to make all financial dreams come true for our members, today and tomorrow," Partners Board Chair Mark Gustovich said in a prepared statement.
Partner's 418 employees operate a corporate office and 13 branches in California and Florida that serve more than 181,000 members, according to its NCUA Call and Profile reports for the second quarter. Partners serves almost 45% of Disney's domestic employees and "cast members" — Disney's term for costumed theme park workers.
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Peter Strozniak
Credit Union Times reporter covering credit union operations, fraud, M&As, leagues, business continuity, and breaking news.
