Career moves

Steve Streit is retiring as part of a shakeup in the firm's management ranks. The Pasadena, Calif.-based company that he founded in 1999 has been suffering amid new competition from challenger banks.

Royal Credit Union and SkyOne FCU are just a few of the institutions to make personnel moves affecting the management team.

Muneera Carr, who will become the San Francisco bank's controller on Jan. 6, is the newest addition to a team being assembled by CEO Charlie Scharf.

Mike Mercer had planed to work as part of the combined League of Southeastern Credit Unions until a least 2023, but recently approached the league's board with an early retirement request.

From appointments to prestigious committees to new members of the executive team, local honors and more, here are some of the latest personnel moves from across the industry.

Stephen Grech, currently CEO of Monroe County Community FCU, will move to the $225 million-asset LOC early next year.

EVP/COO Kim Reedy will take the helm after David Doss steps down.

Scott Powell, who resolved numerous regulatory problems as the head of the Spanish bank's U.S. operations, will face similar challenges at scandal-plagued Wells. As the bank's chief operating officer, Powell will report to CEO Charlie Scharf, a former colleague at JPMorgan Chase.

Rodney Hood, chairman of the National Credit Union Administration board, visited a Connecticut institution while others announced personnel changes.

The Bank is poised to pick two people to handle Simon Potter’s former job; Securities backed by subprime U.S. car loans are “going gangbusters.”