MountainCrest Credit Union CEO to Retire

MountainCrest Credit Union announced the retirement of its President & CEO, Bob Schumacher, effective January 15, 2012.

“Bob has been an invaluable member of this credit union’s senior management for the past 15 years, with the last nine years as only its third CEO,” said Board Chairman Bruce Landre. “We were hoping to keep him a bit longer but understand his wish to retire at this time and reluctantly support that decision.”

During his credit union life, Schumacher has served on many local, state, regional, national and international boards and committees including both the Washington and the National Credit Union Foundations Boards. He earned his credentials as a Credit Union Development Educator (CUDE), including the US (2001) and Caribbean (2010) programs. He was designated as one of the first nine International Credit Union Development Educators (ICUDE) in 2010. Schumacher also worked on two WOCCU People-to-People projects in the Philippines.

He was inducted into the CUNA Marketing Council’s Hall of Fame in 2002 and is also the recipient of the Washington Credit Union League’s Ambassador Award for lifetime credit union contributions presented in 2006.

“Bob is a true friend of cooperative finance and committed credit union executive,” said Association CEO John Annaloro. “He is someone who understands what credit unions are and joyously shares how institutions can do their best work.”

Schumacher’s 34-year credit union career began with CUNA and Affiliates in 1977 where he worked for a short time in the Convention Services area before moving into the National Advertising Program, eventually serving as its director. He worked for the Washington and Florida Credit Union Leagues/service corporations, and a mortgage CUSO. He has also worked as a consultant with many credit unions over the years.

He and his wife, Diane, are planning to move to Walla Walla and pursue involvement in the wine industry there in the near future.

“We will miss Bob’s great philosophical passion, operational talent and personal commitment to the credit union movement, but we also know that it will never leave him. We expect him to show up every once in a while,” Landre quipped.

The credit union will be conducting an internal search for the next President/CEO.


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