Cabrillo Credit Union names insider as interim CEO

Cabrillo Credit Union in San Diego has selected Mike DeShazo as interim CEO.

The $322 million-asset institution said late last week that DeShazo has been with the credit union since 1996 and served in a number of senior posts, including chief operating officer and chief administration officer.

Cabrillo CU also stated that DeShazo is a graduate of Western CUNA Management School and has created various programs at the credit union, including a payroll assurance loan, a “meet or beat program,” and subsidized ATMs.

“Mike is a dedicated credit union executive, with more than two decades of experience, which has prepared him well for this new leadership role,” Richard Amezcua, board chariman, said in a statement.

Marianne Garcia, marketing supervisor, said Anne McClure, the former CEO, “is no longer with the credit union.”

McClure was named interim CEO in May 2018, then had the interim tag removed the next month. According to McClure’s Linkedin page, her tenure as CEO ended in June. She had been employed at Cabrillo since October 1992.

Cabrillo posted net income of about $338,400 in the first quarter, a 57.5% plunge from the same period of 2018. However, the 2019 figure included total employee compensation and benefits of about $1.7 million, up 54% from the same period in 2018.