Steve Rasmussen, CEO of Oklahoma City-based True Sky Credit Union, is set to retire in December, having served the $587 million-asset institution for 26 years.
According to the Cornerstone Credit Union Leauge, Rasmussen has spent four decades in the credit union movement, serving at several CUs in Texas before heading to Oklahoma City in 1992, when True Sky was known as FAA Credit Union. Rasmussen's successor has not yet been announced.
During his tenure, Rasmussen helped grow True Sky into Oklahoma’s seventh-largest credit union, including going from a single branch to multiple locations across the OKC region serving mor than 50,000 members. Since 1992, assets at True Sky have risen by more than $500 million.
Rasmussen said in a statement he is particularly proud to have helped the credit union grow a presence in the heart of Oklahoma City’s Hispanic district – known as Capitol Hill – including a bilingual team of employees.
“The Hispanic community was growing, and we wanted to be a trusted partner,” he said.
“Steve’s leadership style and vision has been the catalyst for the credit union’s success,” said Julie Gamblin, vice president of human resources for True Sky Credit Union. “He leads by example with high ethics, virtue, and strong character.”
True Sky CU posted net income of about $1.39 million in the first half of 2018, almost three times as much as it earned during the first half of 2017.
