Rick Hein, president and CEO of Oregon State Credit Union, plans to retire in April 2024, ending a relationship with the credit union that spans more than two decades.
The $2.1 billion-asset credit union based in Corvallis, Oregon, has hired D. Hilton Associates to conduct a nationwide search to find Hein's successor.
"Under his leadership, the credit union has succeeded in honoring its commitment to better the lives of its members by delivering products and services to improve the financial well-being of the membership," said Kelley Kaiser, chairman of Oregon State, in a press release.
Hein joined Oregon State Credit Union in 2000 as its president and chief executive.
"Financially, Oregon State Credit Union is in an excellent position, we receive high ratings from our regulators, both state and [National Credit Union Administration], and the credit union has a great reputation. I am grateful and honored to have had the opportunity to lead the team here," Hein said in the press release.
Chartered in 1954, Oregon State now has more than 140,000 members and is the fifth largest credit union in the state by assets. Oregon State earned $31.5 million in 2022, a 7% decrease compared with a year earlier, according to call report data from the NCUA.
