SACRAMENTO, Calif.–The $1.6-billion Schools Financial Credit Union has named a new CEO to succeed its longtime, well-known leader, Jim Jordan, who is retiring.
Schools Financial has named Tim Marriott, 47, to the top job. Marriott has been with the credit union for 18 years and held a number of senior executive positions, including EVP-finance and consumer lending, SVP-finance, and VP-audit and security.
Jordan, 70, has been CEO at Schools Financial since 1991 when it had $311.5 million in assets. During his career he has held numerous positions with the state league. He also helped to launch “Babies in the Workplace,” a program at Schools Financial where new mothers could bring infants to work for six months in order to build a bond. Some 122 babies have gone through the program since 2001.