Boeing Employees Credit Union (BECU), a $15-billion institution based in Tukwila, Wash., announced that industry veteran Parker Cann will retire at the end of this year.
Cann, who has more than 20 years of service in the credit union movement, first joined BECU as SVP and general counsel in May 2009. Prior to joining BECU, Cann served as president and CEO of Columbia Credit Union, now a $1.2-billion institution based in Vancouver, Wash.
Cann also worked as the head credit union regulator at the Washington State Department of Financial Institution, where he helmed the Division of Credit Unions and streamlined the state's credit union statute and rules, particularly with respect to field of membership and member business loans.
Cann has also been heavily involved with the National Association of State Credit Union Supervisors since his days as a credit union regulator. For the past three years, Parker served on the board of directors of the Northwest Credit Union Association.
John Stewart was named as Cann's successor.
"Parker's counsel has enabled BECU to meet the demands of the times. He has built a strong governance, risk, and compliance team to support the credit union's growth" said BECU president and CEO, Benson Porter, in a statement. "With his extensive background and experience, Parker has been able to provide valuable insight into legislative, regulatory and corporate governance matters affecting BECU and the industry. He has played a key role in helping to shape the Washington State Credit Union Act over the last 20 years."
