Succession planning

Mark Turner will retire at the end of this year. Rodger Levenson, the company's chief operating officer, will take the helm.

The moves are seen as setting the stage for CEO James Gorman’s eventual retirement; banks outside the U.S. are suffering from the greenback’s recent rise.

CU executives are taking the reins at one corporate credit union, plus more news of new hires, promotions and accolades at CUs across the country.

Terri Salstrom has been with the credit union for more than 35 years, with 25 of those years as president and CEO of the $245 million-asset institution.

Jeff Deuel will take over as CEO of Heritage Bank in Olympia, Wash., for Brian Vance, who will remain as the head of the holding company until next year.

Beach Community Bank, which recently added $100 million in capital, hired veteran banker Carl Chaney as its executive chairman.

Mark Herter has been with the credit union since 1985 and will be succeeded as CEO by current president Laura Campbell.

Current CEO Bill Butler will retire in June 2020, at which time COO Christy O’Connell will take the helm.

Northwest Bancshares in Pennsylvania, which built a reputation as an active acquirer, is taking a step back under Ronald Seiffert to evaluate ways to grow without M&A.

The credit union's current CEO, Paul Wagner, will retire in February 2019, and Marchese will ‘shadow’ him until then.

One CU executive gets her breakthrough moment, up-and-comers earn accolades, plus promotions and new hires across the country.

Scott Burgess will hand the reins of the $849 million credit union to Seth Schaefer, who has been with Rivermark since 2003.

Former chief operations officer Anne McClure spent nearly two months as interim CEO.

From the new business lending officer at one credit union to the controller at another, plus special recognition and more.

LeeAnne Linderman, who oversees retail banking for Zions, was the first female chair of the Utah Bankers Association and has mentored and advocated for women in the industry.

Thomas Fraser will step down as president and CEO of First Federal Lakewood and instead focus on overseeing the mutual's holding company.

Many credit unions' volunteer boards have members who have served for decades, but those same CUs may be doing themselves a disservice if they're not developing the next generation of volunteer leaders.

Credit unions and leagues across the country offer special recognition in order to develop and maintain their most valuable resource: people.

William Wagner, chairman and CEO of Northwest Bancshares, will retire as the Pennsylvania company prepares to cross $10 billion of assets.

One recruiting and strategic planning consultant says the movement isn't doing enough to prepare for major changes in leadership at hundreds of large institutions.