Mark Burgess
For the past six months, Mark Burgess has been the interim president/CEO of the Anchorage, Alaska-based Credit Union 1. On Friday, the credit union announced Burgess could remove "interim" from his title and officially step into the credit union's leadership role.
According to a statement from Credit Union 1 ($1.4 billion in assets, 95,781 members), Burgess came to the credit union in 2018 as its chief technology officer. After a nationwide search for its new leader, CU1 Board Chairman Steve Cavin said the best candidate for the job came from within.
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"After interviewing several talented nationwide applicants, we determined that Mark has exactly what Credit Union 1 needs to lead this organization into the future," Cavin said. "His love for people and love for CU1 has been on constant display during his time in the interim role, and we're beyond pleased to promote him to this new position."
In a statement, Burgess said, "People are important, and Credit Union 1 has now been living the credit union philosophy for 70 years. I'm incredibly excited and humbled to continue the work started by others; to continue to lead with empathy and compassion and to continue to serve Alaskans. I'm thankful to be working with such an amazing team and looking forward to serving our 95,000+ members."
The credit union also announced its CFO, Chad Bostick, has been promoted to EVP. Bostick has served as CFO since 2018.
Chad Bostick Cavin said, "Chad is a phenomenal team player and has helped make Credit Union 1 an incredible place to work. His ability to solve big problems and manage projects has continued to impress and inspire those around him." Burgess shared. "I can't think of anyone that I would rather share this journey with. Chad is an incredible person and his love for our employees and mission are unmatched."
Meanwhile … In Michigan
The $258 million Community West Credit Union, headquartered in Kentwood, Mich., announced on Friday it selected Heidi Hunt as its next president/CEO.
According to a statement from the credit union, Hunt began her career with Community West in 2011, managing loan portfolio growth for the organization. Since 2021, Hunt has been the credit union's chief lending officer.
Heidi Hunt "The board believes that Heidi Hunt is the ideal CEO to position Community West for continued growth and success," the chairperson of Community West's board of directors, Pamela Hove, said. "Heidi has consistently provided solutions that deliver results and has a strong record of innovation, execution and operational excellence. She is a proven leader, and we are excited to have her in this role with Community West."
Hunt takes over the position after Jon Looman stepped down as president/CEO – a role he held since 2011.
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Michael Ogden
Editor-in-Chief at CU Times. To connect, email at [email protected]. As Editor-in-Chief of CU Times since 2016, Michael Ogden has led the editorial team in all aspects of content strategy and execution, including the creation of the publication’s exclusive and proprietary research database of the credit union industry’s economic landscape. Under Michael’s leadership, CU Times has successfully shifted to an all-digital editorial product with new focuses on the payments, fraud, lending and regulatory beats. Most recently, he introduced a data-focused editorial product for subscribers that breaks down credit union issues into hard data, allowing for a deeper and more factual narrative for readers. In 2024, he launched the "Shared Accounts With CU Times" podcast, which offers a fresh, inside-the-newsroom perspective through interviews with leaders from the credit union industry and the regulatory world. He dives into pressing credit union issues, while revealing the personalities working behind-the-scenes to push the credit union world forward. His background includes years as a radio and TV anchor/reporter and a public relations and digital/social media manager, where he covered the food and music industries, as well as cooperatives and credit unions. Over the years, he has launched numerous exclusive video and podcast series, including a successful series of interactive backstage interviews with musicians at music festivals, showcasing his social media and live streaming production skills.
