Bob Corwin to Replace Retiring CEO Ron Barrick at Advantis Credit Union
August 21, 2012
August 21, 2012
A senior leader with a credit union career spanning nearly four decades is returning to Oregon, this time in the top chair. Bob Corwin, currently the CEO of Meritrust Credit Union in Wichita, Kan., will take the helm at Portland-based Advantis Credit Union when current president and CEO Ron Barrick retires.
Corwin became CEO at what was then Boeing Wichita Credit Union in 2008 after a 30-year career at First Tech Credit Union in Beaverton, Ore. On Corwin’s watch, Boeing changed its name to Meritrust and assets popped from $550 million to more than $830 million, according to a news release issued by Meritrust. Research also revealed that the credit union’s performance landed it on the SNL Financial list of best performing credit unions in the nation—the only Kansas credit union to earn such an accolade.
“This is such a bittersweet decision for me, personally and professionally,” Corwin said in a statement posted on Meritrust’s homepage. “I have become more attached to this credit union and Kansas than I would have thought possible. I have proudly embraced Kansas as my adopted home. Ultimately, the magnetism of family draws me back to Portland, to be near my children and grandchildren.”
Corwin’s return to Oregon is a win for his career as well as for his family. Advantis is the fourth-largest credit union in Oregon, representing 48,000 members with assets of $930 million. The 84-year old credit union consistently ranks tops in the nation for return to members in its asset category, according to quarterly reports by Callahan & Associates, a national research and consulting firm.
Advantis has taken a leadership role in political advocacy, especially during Barrick’s tenure as CEO. Barrick was named Oregon’s Credit Union Advocate of the Year in 2010.
Admired for its community outreach, Advantis also recently announced $50,000 in Grow Fund grants for community groups on the basis of a whopping 66,000 social media votes.
Barrick led the Advantis team as its president and CEO for more than 25 years. He announced his plans to retire last fall and worked closely with the board of directors to find a replacement.
“We’ve been very fortunate to have someone of Ron’s caliber to lead this organization,” said Jake Jensen, Advantis Board Chair. “Advantis and its members have prospered under his leadership, even through some of the most challenging economic conditions since the 1930s.”
Jensen welcomed Corwin as “a well-known and highly respected industry leader with a proven record of delivering strong operating results.”
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