Advantis Credit Union to launch CEO search
Advantis Credit Union in Clackamas, Ore. is on the hunt for new leadership following the announcement that president and CEO Bob Corwin plans to retire by this summer.
Corwin has led the $1.5 billion-asset institution for the last seven years, during which time it became the fifth largest credit union in Oregon, serving more than 77,000 members.
“It’s been my honor to lead Advantis during a period of substantial member and asset growth,” Corwin said in a press release. “All that we’ve accomplished is a credit to the employees of Advantis, and their commitment to acting as passionate advocates for our members.”
Corwin continued that he “could not be more proud” of the credit union’s accomplishments and looks forward to the credit union’s future.
The CU’s board is in talks with D. Hilton Associates, Inc. to look for Corwin’s successor. The executive search is set to begin immediately, according to the release. Both internal and external candidates will be considered for the role. As reported, credit unions could have a harder time filling executive roles in the year ahead due to a confluence of factors.
Corwin will serve as president and CEO in the interim until his successor is named.
The credit union earned $7.9 million through the third quarter of 2019, down 8% compared to the same period one year prior, according to call report data.