Greater Nevada Credit Union is looking for its next chief executive.
Wally Murray, who has spent 35 years at the $1.8 billion asset credit union and the last 22 as its president and CEO, announced his retirement effective March 14.
The Carson City-based company – the largest credit union in the state – said in a press release it has launched a "transition plan for leadership continuity," and a search for a new CEO is underway.
Greater Nevada did not indicate who the interim CEO is.
"Wally Murray has been instrumental in the growth and success of GNCU and our subsidiaries," said Chairman Rob Joiner in the press release. "During his time at Greater Nevada, Wally championed numerous initiatives to improve member value, expand the credit union's footprint and ensure financial stability."
Among other accomplishments, Murray in 2018 launched a wholly owned commercial lending subsidiary called
"It is difficult to convey my emotions as I move on from Greater Nevada Credit Union," Murray said in the press release. "It has been the joy of my life to lead a passion-driven, service-oriented, values-based, people-first community-minded organization."
Greater Nevada earned nearly $8 million in 2022, a 57% decrease compared with a year earlier, according to call report data from the National Credit Union Administration.
