PORTLAND, Ore. - Amy Nelson is the new president and CEO of $91 million Point West Credit Union after three-and-a-half years as co-CEO.
Nelson has been serving as Point West's chief operating officer and co-CEO, sharing chief executive duties with Nick Hodson, the CU's chief financial officer.
Nelson and Hodson were made interim co-CEOs in October 2010, when Point West entered a net worth restoration plan. The two were made official co-CEOs in September 2011. The credit union completed its net worth restoration plan in July 2013, two years ahead of schedule.
Hodson left Point West CU in late April to become the new finance leader at $569 million Rivermark Community Credit Union in Beaverton, Ore.
"We will greatly miss Nick, an integral member of our Point West family, but this is not goodbye. We wish him every success at Rivermark, and our credit union community will continue to benefit from his leadership," Nelson said in a prepared statement.
"Amy has a proven track record at Point West as a fantastic leader with the skills and experience necessary to lead Point West confidently into the future," said John Savory, chairman of the Point West CU board. "The board truly believes the best is yet to come for Point West and its members. We wish Nick good luck in his new position and thank him for his critical contributions to sustaining and strengthening the credit union."
Since completing its net worth restoration plan, Point West has received its Low Income Designation from NCUA and, as of April 2014, successfully transitioned to a community charter, serving Multnomah, Clackamas, Washington and Yamhill counties.
Grand Total of Mobile Deposits
Steve Pagenstecher, marketing and member experience manager, said the milestone arrived on April 10.
"It was three months to the day that we launched our mobile deposit product," he said. "The winning member was certainly happy."
As of the end of the day on April 10, Point West's mobile deposit feature had 280 unique member users, nearly 3% of its membership; 1,010 total deposits, or approximately 330 deposits per month; and more than $340,000 deposited.
"Our numbers are pretty awesome," Pagenstecher said.
