South Dakota, Montana and Washington credit unions appoint new CEOs
On January 4, Jerry Schmidt will become the new president / CEO of the Black Hills Federal Credit Union in Rapid City, SD, the board of directors announced.
He will currently succeed Retiring President / CEO Roger Heacock.
Heacock joined Black Hills FCU in 1978 and was promoted to President / CEO in 1983.
Under his executive leadership, the credit union grew from approximately $ 20 million in assets in 1983 to $ 1.6 billion in assets in 2020. During those same years, the membership of the cooperative credit increased from 11,000 to over 73,000.
Schmidt, from Rapid City, joined South Dakota’s largest credit union in 2007 as COO. Prior to joining the credit union industry, he held several managerial and service positions at Safeway.
Black Hills’ 331 employees operate 15 branches.
Eric Petracca will be the next president / CEO of iQ Credit Union in Vancouver, Wash. On Jan. 1, the board of directors announced.
He succeeds Kelly Schrader, who is stepping down as CEO she had held since the spring of 2016 to pursue a philanthropic opportunity, according to the credit union.
Under his executive leadership, iQ’s assets grew from $ 874 million in 2016 to over $ 1.5 billion in assets this year. During those same years, the membership of the credit union also increased from 68,400 to 88,694.
Petracca, COO of iQ, began his career in the credit union as a teller at the $ 196 Lacamas Community Credit Union in Camas, Washington. Over the years he has been promoted to positions was appointed CFO in 2012. In 2014, the Lacamas community was merged into iQ.
More than 300 employees at iQ operate 24 branches.
Casey Klein will become the next president / CEO of Valley Credit Union in Billings, Mont. On Jan. 15, the board of directors announced.
He will succeed the current President / CEO Darla J. Card, who is retiring.
Card worked at Valley CU for 12 years, as Executive Vice President and Director of Loans before becoming President / CEO in November 2014.
Under his executive leadership, the credit union’s assets grew from $ 205 million in 2014 to its current assets of $ 332 million, while the membership also grew from 24,931 to 32,720.
Casey started working at Valley CU in 2008 and was appointed Vice President of Branches in April 2017 after serving as Director of two branches.
Valley CU’s 95 employees operate nine branches.