KENT, Wash.–New CEOs have been named at two credit unions.
In Washington, Cascade Federal Credit Union President and CEO Carl Roer has announced his plan to retire at the end of 2022. Roer will be succeeded by Cascade FCU Executive Vice President Sarah Richardson beginning in 2023.
Roer has served Cascade FCU as President and CEO since 2017 and has been in credit unions for more than 40 years. Prior to his role at Cascade FCU, Roer served as Sound Credit Union’s chief lending officer for about 13 years. He graduated from Claremont McKenna College with a bachelor’s degree and later received his master’s degree from Seattle Pacific University.
Cascade FCU said that during his tenure as CEO, Roer led the credit union through several milestones, including:
- The CU’s asset size has grown by over $55 million to about $350 million, with record loan growth and capital
- It launched business and indirect lending
- It completed a credit union-wide branch remodel effort
- It launched a new website and online banking platform
- It undertook a merger effort with Tacoma Narrows Federal Credit Union.
Incredibly ‘Grateful’
“We are incredibly grateful for the leadership and strategic direction that Carl has given Cascade FCU over the years. His passion, vision and guidance have allowed us to become more competitive and growth-oriented than we’ve ever been, and we are excited to continue to build on that momentum moving forward,” said Richardson.
10,000 Lakes, One New CEO
Separately, in Maple Grove, Minn., the $734-million TopLine Financial CU has named Mick Olson to succeed the retiring Tom Smith as president and CEO effective in May of 2023.
Olson currently serves as CFO and SVP-finance with TopLine Financial, and will become COO and EVP effective Dec. 1.
Smith joined TopLine Financial Credit Union as chief lending officer in May 2008 and was selected as president and CEO in January 2014.
“During Tom’s tenure the credit union has grown from $340 million in assets and 40,100 members to $735 million in assets and serving 49,000 members,” the credit union said in a statement. “A few other notable accomplishments under his leadership include fostering the credit union’s core values of integrity, respect, trust and ownership, guiding the development of TopLine Insurance Agency (CUSO), establishing the credit union’s 501(c)(3) foundation to support philanthropic efforts, leading efforts in multiple innovative technology conversions and expanding the credit union’s community-based field of membership to serve a total of 11 counties in the Twin Cities metropolitan area in Minnesota.”
Smith has been involved in the community and industry, serving on the boards of the Minnesota Credit Union Network Board, the Servion Group, United Financials Capital and North Hennepin Community College Foundation. He has also actively supported local non-profit organizations such as African Education Health Initiative, Avenues for Youth and Keystone Community Services, TopLine Financial said.
‘A Privilege and an Honor’
“It’s been a privilege and honor to have had the opportunity to lead this great organization since January of 2014,” said Smith. “I’ve had this amazing opportunity working alongside my TopLine family delivering on the credit union purpose every day with passion to make a make a positive difference in our members’ lives and our communities; this is quite exceptional and unique.”
Olson has been with TopLine since 2006.
Every Morning. The Freshest CU Headlines. For You. For Free. Or Your Money Back
Don’t forget to check your Spam/Junk email folder if you haven’t been receiving your free, popular and daily CUToday.info news headlines.
And if you haven’t yet signed up for the new email solution on which CUToday.info has partnered with ResponseGenius, you can do so here. Signing up requires less than one minute of your time.
CUToday.info has received very positive response from readers following the move to an improved provider of the daily headlines, but many also noted they did need to go to their Spam/Junk folder and mark it as safe.
The new email solution has not only improved every reader’s delivery experience, but it also features a fresh, new format that is easy to read, especially on mobile devices.
Please note and/or make your IT department or email administrator aware the emails will be coming from the domains CUTodayinfo.com and CUTodayinfoReply.com.