BAYTOWN, Texas — Community Resource Credit Union has named a new president and CEO. The credit union has selected Russell Ballard to lead the organization.
Ballard succeeds long-time CRCU CEO David Frazier, who left to take over as CEO of Texans Credit Union in Richardson, Texas.
Ballard has more than 32 years in financial services management and has served as a senior leader to CRCU for over 13 years, while holding several positions at the credit union, including, CFO, EVP and, most recently, interim CEO. As executive vice president, he managed three major divisions and oversaw the CFO, chief lending officer and chief information officer.
The $565-million Community Resource CU has approximately 50,000 members.
“Russell has been an instrumental leader in project management and strategic planning for the entire organization,” said CRCU Chairman Randall Sanders. “Because Russell has been such an invaluable and integral member of the CRCU executive team for so many years, he is the ideal and optimal professional to continue leading the credit union’s strategic development for our membership. We as the board of directors feel very secure with our decision. Russell is truly the best choice for the continued success and growth of CRCU.”
Outside the credit union, Ballard serves on the board of Baytown-West Chambers County Economic Development Foundation and is a member of Baytown Rotary. In addition, he is a consistent volunteer for Habitat for Humanity and Relay for Life.