Source: Shutterstock. The longtime president/CEO of the Carson City, Nev.-based Greater Nevada Credit Union (GNCU), Wally Murray, announced his plans to retire from the position he's held for the past 23 years.
In a statement from the $1.7 billion credit union on Friday, Murray has been with GNCU for the past 35 years and has grown the credit union to become the largest cooperative financial institution headquartered in the state.
"It is difficult to convey my emotions as I move on from Greater Nevada Credit Union," Murray said. "It has been the joy of my life to lead a passion-driven, service-oriented, values-based, people-first, community-minded organization. We have helped so many people live greater by partnering with them to achieve their goals and overcome the many challenges that life can throw their way. I am confident this will continue into the future as the credit union pursues its passion for helping more people live greater."
Wally Murray Of Murray's retirement, GNCU Board Chair Rob Joiner said, "Wally Murray has been instrumental in the growth and success of GNCU and our subsidiaries. During his time at Greater Nevada, Wally championed numerous initiatives to improve member value, expand the credit union's footprint and ensure financial stability. His unwavering dedication to GNCU and our members has been evident throughout his 35-year tenure. Wally's vision and strategic thinking have helped position our credit union for long-term success."
Murray was responsible for the success of launching GNCU into the cannabis banking business to provide the handling of accounts and business loans. Last October, GNCU began a marketing awareness campaign targeted at cannabis related businesses, two years after the credit union launched its small pilot program for cannabis banking.
At the time, Murray said, "We were initially cautious in rolling out our solution so that we didn't overpromise and underdeliver. However, it has now been fully in place for a couple of years and is being received quite well by our cannabis-related business members."
"Wally's retirement is significant, and his service to Greater Nevada Credit Union is deeply appreciated. We are fortunate to have a talented leadership team to support this transition," Joiner said. "Our robust strategic planning and service-focused culture give the GNCU board of directors confidence that we will continue to provide high-quality, affordable services for member-owners, ensure the safety and soundness of credit union assets and support communities where our members reside."
According to the credit union, its board of directors has activated its transition plan for leadership continuity and a search for a new president/CEO is underway.
The credit union did not provide a timeline for Murray's retirement.
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Michael Ogden
Editor-in-Chief at CU Times. To connect, email at mogden@cutimes.com. 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.
