Nevada Credit Union CEO Plans 2023 Retirement
Rick Schmidt grows assets while also leading the credit union through the Great Recession and pandemic.
WestStar Credit Union in Las Vegas said its president/CEO, Rick Schmidt, plans to retire in January 2023.
Schmidt has served as CEO since April 2010.
During his executive tenure, WestStar grew its assets from $135 million in assets to its current assets of $265 million.
Schmidt played a critical role in helping the credit union survive the Great Recession and its membership endure the pandemic, the credit union said in a prepared statement.
Schmidt also was the recipient of the Nevada PAC Advocate of the Year award on two different occasions and the Distinguished Service Award from the Nevada Credit Union League.
Prior to joining WestStar, Schmidt held more than 30 years of experience in the financial services industry, including 28 years with credit unions.
“I know it wasn’t an easy decision,” WestStar Board Chair Craig Hawkins said about Schmidt’s retirement. “WestStar Credit Union has been his pride and joy … the new CEO will be filling some big shoes.”
The credit union hired Humanidei + O’Rourke to begin the search process for a new CEO.