Arrowhead Central CUs Larry Sharp Lands On His Feet After NCUA Ouster
SAN BERNARDINO, Calif. – Two weeks after his termination as CEO of troubled Arrowhead Central CU, Larry Sharp, who headed the one-time $1.1 billion credit union for 27 years, was hired yesterday as vice president for university advancement at Cal State San Bernardino.
Sharp, well known in the local business community, has a long-standing relationship with the local Cal State campus and was even awarded an honorary degree of Doctor of Humane Letters by the University in 2009.
The 68-year-old Sharp was removed on paid administrative leave when NCUA took over the troubled credit union June 25, then was terminated two weeks later.
Arrowhead Central reported a loss of $1.5 million and just 3% net worth for the first six months of the year, as assets declined to $808 million.
Sharp will begin his new position on Sept. 1. He succeeds Francoise Aylmer, who accepted a position at Portland State University.