TUMWATER, Wash. – O Bee CU’s longtime president and CEO, Bruce Cramer, is retiring at the end of the month, ending a nearly 25-year relationship with the $130 million credit union.
James Collins, the credit union’s chief financial officer, is succeeding Cramer as CEO.
Cramer, 64, is from Coos Bay, Ore., and spent eight years as the chief executive of a Teamsters credit union in Portland before joining O Bee in 1986, when O Bee had $20 million in assets.
O Bee was formed in 1955 and at one time was open only to employees or businesses working at or serving the former Olympia brewery. In the early 1990s, it expanded its membership to include the Tumwater School District and later received a statewide charter.
