Banking

Changing of the guard at a Northern California cooperative credit union | Credit Union Journal

John Cassidy will retire as CEO of Sierra Central Credit Union in Yuba City, California, efficient Jan. 15.

The $1.4 billion-asset cooperative credit union stated that its president, Ron Sweeney, will end up being the next CEO.

Cassidy, 61, has actually been the cooperative credit union’s president because 2000.

“I am extremely proud that Sierra Central has become a dynamic presence in [Northern California], as well as a highly respected corporate citizen,” Cassidy stated in a news release today.

John Cassidy (above) will step aside in January after more than 20 years as CEO of Sierra Central Credit Union in Yuba City, California. Ron Sweeney, the organization’s president, has actually been called to prosper him.

After being employed, Cassidy was entrusted with developing Sierra Central as a premier neighborhood banking organization in the area. At that time, the board was worried that with numerous regional and local banks being combined out of company, regional neighborhoods would suffer substantially.

Cassidy stated he will continue to deal with charitable causes throughout the state, in addition to local financial advancement efforts that enhance the lifestyle for people, households and companies throughout Northern California.

Sweeney, 58, formerly worked for Travis Credit Union and the National Credit Union Administration prior to signing up with Sierra Central in 1999. He was employed as an expert to restore and enhance the cooperative credit union’s accounting and financing functions and was later on called chief monetary officer.

In 2006, Sweeney handled the function of president and chief running officer.

“John and I have built a successful organization, and I plan to carry on with our winning traditions and culture,” Sweeney stated in journalism release.

Sierra Central has 20 branches and more than 70,000 members. It reported revenues of $9.1 million in the very first 9 months of 2021, a 28% boost compared to a year previously, according to call report information from the NCUA.



Gabriel

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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