Unitus Community Credit Union, a $1-billion institution based in Portland, Ore., said its board of directors named Steven Stapp as its new president and chief executive officer, following a national search.
Stapp succeeds Patricia Smith, who is retiring.
Stapp has served as president and CEO of San Francisco Federal Credit Union, a $1 billion institution based in San Francisco, since August 2008. During his tenure there, the credit union's asset base jumped from $650 million to just over $1 billion through a "focused and sustained strategic planning process that provided strong loan growth, comprehensive deposit products, and expansion of online channels, branch locations, and community charter."
Membership at that credit union increased by more than 12% during 2015 alone.
Stapp also served as executive vice president and chief financial officer of Redwood Credit Union, a $3-billion institution based in Santa Rosa, Calif; and as a senior executive with The Golden 1 Credit Union, a $10.3-billion institution based in Sacramento, Calif.
"Steven is a seasoned CEO with a strong track record of growing credit unions through progressive strategies that enhance service and value to the Membership," said Susan Iggulden, Unitus' board chair, in a statement. "His demonstrated commitment to the credit union movement and community service align very well with Unitus' vision, culture and values."
