MILWAUKIE, Ore.—Two credit unions on opposite sides of the Rocky Mountains announced leadership changes this week, with Oregonians Credit Union naming a new chief executive and Elevations Credit Union preparing for the retirement of its longtime CEO.
In Milwaukie, Ore., the $338-million Oregonians CU appointed Bryce Mortensen as president and chief executive officer, effective immediately. He succeeds Sam Launius, who is retiring after 32 years with the credit union.
Mortensen brings more than 25 years of credit union leadership experience, most recently serving as executive vice president of operations at AERO Financial in Glendale, Arizona. In that role, he oversaw digital-transformation and member-experience initiatives aimed at modernizing service channels and strengthening operational performance.
Board search-committee chair Alicia Anderson said Mortensen’s blend of technical expertise and cooperative-sector experience will help guide the credit union through its next phase of innovation and growth. Mortensen said he is honored to step into the role and plans to focus on expanding member access and improving experiences through technology while continuing the “people helping people” mission.
In Boulder, Colo., Elevations Credit Union announced that President and CEO Gerry Agnes will retire Feb. 28, 2026, after leading the $3.4-billion institution since 2008. The board has launched a formal succession process to identify his successor.
Agnes said serving Elevations and its members has been the honor of his career, noting the institution’s community focus and achievements in performance excellence during his tenure. Board Chair Ray Martinez praised Agnes for transforming the credit union over nearly two decades and said the organization will continue building on the strong foundation he established.