BECU president retiring at end of 2022 | Credit Union Journal

Benson Porter, president and president of Boeing Employees Credit Union in Tukwila, Washington, is stepping down after more than ten years at the helm.

Porter signed up with BECU in April 2012 after a stint as president and CEO of the $15 billion-asset First Tech Federal Credit Union in San Jose, California, according to his ConnectedIn profile.

The $30.4 billion-asset BECU, the fourth-largest cooperative credit union in the U.S., stated Porter will retire at the end of the year.

“The cooperative has grown, innovated and expanded its offerings to improve the financial health of its more than one million members and their communities. … Along the way, Benson has built a unique culture for its employees, driven by the organization’s values and purpose,” Debra Somberg, chair of BECU’s board of directors, stated in a news release Tuesday.

In addition to his functions with BECU and First Tech, Porter has actually held management positions with the $88 billion-asset Federal Home Loan Bank of Des Moines in Iowa and the $180 billion-asset SecretBank in Cleveland.

“Over the next couple of months, I stay dedicated to our work of changing our worker and member experiences and assisting set the phase for the next chapter of BECU,” stated Benson Porter, president and president of BECU.

Mark Willmes

“The past two years have inspired self-reflection for us all and reinforced for me that the time is right for me to retire. … Over the next few months, I remain committed to our work of transforming our employee and member experiences and helping set the stage for the next chapter of BECU,” Porter stated in the release.

BECU’s board has actually developed a committee to manage the look for Porter’s follower and will begin its search quickly.


A news media journalist always on the go, I've been published in major publications including VICE, The Atlantic, and TIME.

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