GLENDALE, Calif.–Two credit unions have named new CEOs. The $928-million Los Angeles FCU has named Richard Lie as president/CEO. He had previously served as VP/CFO for 23 years at LAFCU, and succeeds John Dea.
Lie has more than 28 years of credit union experience, and while at LAFCU has been responsible for making sure investments had strong yields, overseeing conversions to more efficient internal computer processing systems, the creation of an asset liability committee, and managing the accounting, information technology, investment and finance departments.
“I look forward to continuing to work with the board of directors in my new capacity as president/CEO. Our goals are to continue to be our members’ financial source for life and to maintain and build on our strong financial position. We are doing very well financially and have maintained a capital level over 12%.”
Separately, in Anchorage, Alaska, the $1.1-billion Credit Union 1 here has named James Wileman to lead the organization; Wileman had previously been COO. Prior to joining the credit union in 2010, Wileman served as CEO of Alps Federal Credit Union in Sitka, Alaska, for four years.
Wileman joined Credit Union 1 as manager of its Mountain View Branch in 2010. In 2012, he was promoted to oversee all CU1 branches. In 2014, Wileman joined the credit union’s senior management team, where he contributed to the development and implementation of short and long-term credit union goals and objectives. In May 2015, his position expanded to vice president of member and administrative services and then to SVP-operations before being promoted to chief operating officer of the credit union in 2016.
After being named to the position, Wileman issued a statement to employees that said, “You each give the day-in and day-out effort of serving our members and supporting each other. Thank you! It matters, and it’s why we are here as a team. You all are great at what you do, and we will always work to get better. Credit Union 1 is a great place to be! I’m excited for this new position because I get to work with the best people ever – all of you.”
Finally, in Waco, Texas, Marva Frazier, president and CEO of Linkage Credit Union here, has announced her retirement effective June 29. The $14.5-million Linkage said Many Holle will succeed Frazier as CEO.
Frazier has led Linkage Credit Union for 20 years and has been in financial services for some 47 years. Holle, who is the number two at the credit union, has been with LCU for 17 years.
The credit union was chartered in April 1931 as Waco Texas Federal Employees Credit Union. It first changed its name to Postal Employees Credit Union, then Waco Postal Credit Union, and finally to Linkage Credit Union in January of 2012.
Linkage Credit Union has 2,000 members.