COLORADO SPRINGS, Colo.—After leading Ent FCU for 18 years, CEO Charles Emmer will retire from the credit union in October.
Randy Bernstein, Ent's president and chief operating officer since 2011, will succeed Emmer as CEO and continue as president.
Emmer took over as CEO in 1996. During his tenure, Ent's assets have grown from $1.04 billion, while membership increased from 151,710 to more than 236,000. Part of the organization's growth in that period is due to five mergers, which expanded Ent's footprint into the Pueblo, Denver and Firestone markets.
In its most recent call report, Ent posted $10.1 million in Q1 net income. Its net worth ratio as of March 31 was 12.06% ("well capitalized").
In 2013 Ent FCU had $43.6 million in net income, even after paying more than $2.3 million to the Temporary Corporate CU Stabilization Fund. Its net worth ratio was 11.97% ("well capitalized").
Since joining Ent as a member of the executive leadership team in 1997, Bernstein has led most of Ent's operating divisions, initially serving as vice president of operations, then executive vice president and chief operating officer, before being named president in 2011.
Prior to joining Ent, Bernstein was executive vice president for a credit union consulting firm in Texas and senior vice president of operations at a credit union in New York.
