SAN FRANCISCO–Two credit unions have named new CEOs, including one that had to fill a vacancy when the previous CEO left citing the high cost of living in its market.
The $1-billion San Francisco FCU has named Jonathan Oliver as its new president/CEO; Oliver was previously chief operating officer with the $2.6-billion Unify Financial FCU in Southern California (it also has branches in Oakland and the East Bay).
In a statement, SFFCU said that while at Unify Financial Oliver helped oversee asset growth from $1 billion and branch growth to 60 branches from 18.
Oliver also has experience with Washington Mutual, where he worked in lending.
Oliver is replacing former CEO Steven Stapp, who resigned from the credit union after saying housing in San Francisco had become too expensive. Stapp moved to Portland, Ore., where he is now CEO of Unitus Community Credit Union.
Meanwhile, in West Bend, Wis., Kelly McDonough has been named president and chief executive of Glacier Hills Credit Union. She succeeds Dennis D. Degenhardt, who is retiring after 14 years as leader of the West Bend-based credit union.
During Degenhardt's tenure, Glacier Hills grew to more than $115 million in assets and 15,000 members.
McDonough began her career with credit unions in Vermont and was president and CEO of First Alliance Credit Union in Minnesota for 13 years.
“I am very excited to join Glacier Hills Credit Union and the West Bend Community,” McDonough said in a statement. “I am very passionate about the work that credit unions do and eager to continue the tradition of people helping people,” McDonough said in a statement.