California

Christopher Myers will retire as president and chief executive of CVB next spring, and the California bank says it will hire a search firm to begin seeking his replacement.

The institution was formerly known as SF Police CU but can now serve law enforcement officers statewide.

David Cerwinski, who joined the CUSO in 2006, was appointed president of the technology provider.

The San Francisco company said its loan pipeline would be strong the rest of this year.

CUs in both states surpassed total asset milestones, but many business lines are growing at a slower pace than they were one year ago.

The California company will pay $39.4 million for the parent of First State Bank of Colorado.

Mike DeShazo was selected to lead the San Diego institution after Ann McClure stepped down.

COO Jenna Lampson will take the helm on Aug. 1 while current CEO Steve Punch stays on as a consultant until he retires at the end of October.

As the industry continues to consolidate, operating branches in states far removed from headquarters could move from the exception to the rule.

Offering secured credit cards can help a credit union build loyalty with members but this product line can be difficult to successfully manage.