SALT LAKE CITY – University FCU announced yesterday it has promoted its chief operating officer Jack Buttars to be president and CEO, succeeding Phil Janovak, who has headed the now $470 million credit union for 29 years.
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Buttars joined the credit union in 2001 as the audit manager, then became chief of staff. During this time, Buttars assisted in developing the credit union’s application for a federal charter. In April 2004, Buttars became the vice president of operations and retained his prior duties as chief of staff.
University FCU had a strong 2008, with 17% growth in assets and $2.5 million in net income.
Buttar took over on Jan. 3.
