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Bill Cheney, incoming CEO of SchoolsFirst FCU

updated 03/12/14 11:28 AM
Will Start in Mid-June
The Credit Union National Association (CUNA) announced that its president and CEO, Bill Cheney, will be leaving the national trade organization to become CEO of SchoolsFirst FCU, the largest credit union in California.

He is scheduled to leave CUNA and start at SchoolsFirst in mid-June. Before coming to CUNA, Cheney was president and CEO of the California and Nevada Credit Union Leagues from 2006-2010, and served as CEO for nine years at Xceed Financial FCU (then Xerox FCU) in El Segundo, CA.

“My return to California to lead a credit union is born out of my own desire to serve the credit union movement by taking a hands-on role, and to work with the impressive team and build on the outstanding success of SchoolsFirst FCU,” Cheney said in a message. “I undertake this new role with the satisfaction that, with the support and assistance of the leagues, much has been accomplished over the nearly four years of my tenure as president and CEO of CUNA.”

CUNA Board Chairman Dennis Pierce will soon announce a search process that will consider candidates from both inside and outside of the credit union movement.

Cheney's upcoming departure was the top item in his weekly e-mail, The Cheney Report:

Wednesday, CUNA announced it is launching a nationwide search to find my successor as president and CEO, a position I will be leaving in June to become chief executive at SchoolsFirst Federal Credit Union in Santa Ana, Calif. However, for the remainder of my tenure, including as CUNA is conducting its search for my replacement, I can assure you that your national trade association will not skip a beat on any of the crucial issues we are addressing today.

From the NCUA proposed risk-based capital rule (which I have called, repeatedly, the most significant proposal to come from the agency in years), to protecting the tax exemption (which we must continue to do in the days, weeks and months ahead), and every issue in between, CUNA is committed to taking action on your behalf. Without interruption, hesitation or delay of any kind.

Credit unions have a committed, dedicated staff at CUNA working on their behalf – supported by the CUNA Board and the strength in the states of the Leagues.

I have been greatly honored to serve as CUNA’s leader, and proud of what we have been able to accomplish during my tenure. There are more accomplishments ahead, and I will join in supporting you from my new perch at SchoolsFirst. Until then: I’m working on your behalf every single day.

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