Succession planning

Having spent 40 years in the credit union movement and the last 26 as CEO of True Sky CU, Steve Rasmussen has announced plans to retire later this year.

The appointment comes nearly two years after Davis said he was stepping down from the Minneapolis bank to pursue "another calling."

Mark Decello will take over for Gerald Guy, who has served as president and CEO at KEMBA for 30 years.

John Kolhoff will lead the Credit Union Commission of Texas starting in early December.

Several female executives accepted leadership roles throughout the industry and in regulatory roles during the past month.

Sarah Vega, chief of staff to NCUA Chairman Mark McWatters, succeeds Paul Gentile, who announced plans to leave the multi-state credit union league earlier this year.

Elliot Gregg, who led the institution for almost 20 years, will serve as president emeritus until his retirement in January.

A first-time chief executive will take the helm of the Texas-based credit union next month.

Credit union boards need to spend more time on formal CEO succession planning.

Russell Cole will take the helm at CUSO Home Lending, succeeding John Reed, who is retiring from the position.

Joseph Whitaker will take over as president and CEO of SkyOne Federal Credit Union later this month.

Shay Santos, who has been with the Madison, Wis.-based credit union for nearly three decades, succeeds John Lowrey, who passed away in June.

From posts with the CFPB to internal specialists in lending, IT and more, here's the latest in credit union staffing.

Gerri Sexsion, who has led the credit union since 1997, is set to retire in early 2019.

Paul Yonamine will succeed Catherine Ngo as the company's leader next month. Ngo will continue to run Central Pacific's bank.

Trading floor layoffs may be ahead as revenue declines; Goldman Sachs to expand its consumer bank to the U.K.,

Tracy Ashfield, a veteran of the mortgage industry, will take over at American Credit Union Mortgage Association when Bob Dorsa retires in January 2020.

Sen. Warren proposes a bill that would extend the law to credit unions while stiffening penalties; the Spanish bank taps UBS’s Andrea Orcel.

The names on the masthead have changed. The commitment to quality journalism has not.

The comments by Tim Sloan, 58, came after reports that the Wells board may be looking to replace him.