In His Own Words: Retiring CEO John Annaloro Bids Fond Farewell to Membership

Northwest Credit Union Association (NWCUA) CEO John Annaloro announced this week that he will retire this fall, passing the baton to incoming President and CEO Troy Stang at the Association’s Annual Business Meeting on Oct. 2. Here, we share his parting words to the Northwest credit union professionals he was worked with so closely for the past 15 years.

This may be one of the last times that as CEO of the Northwest Credit Union Association I am sharing my perspectives on the state of credit unions. My tenure here in the northwest spans just over fifteen years. Prior reports have been business focused; this message, however, is more personal.

I am preparing to retire this fall. I look forward to seeing you at this year’s Convention and Annual Business Meeting so that we can share memories as well as work toward the future.

It is with pride and humility that I thank you as the leaders of the credit unions of the Northwest for the opportunity to have served as your executive and spokesperson, as well as stand the issue-watch on your behalf. Over the course of a long tenure measured in partnerships, trust and collaborations, I believe our regional system is stronger for the successes we have jointly achieved.

I would like to share my sincere appreciation for the board members who have concurred with, and continuously encouraged, an increasingly progressive agenda for our future. Equally, I have been honored by the senior staff members who have accepted the corresponding challenges from the executive’s office. Together, board and staff, I believe we have shared the joys of many, many achievements—in pursuit of objectives that were truly worthy of our best efforts.

There have always been high expectations set by the credit unions of our region; a quest for independence and self-determination, a demonstrated need for expanded powers, as well as an insistence on freedom from regulatory burden. With those expectations, it was a great gift that was given to me to serve as your CEO.

There is a different post-crisis future that awaits our institutions; in every measure, a new era for banking, of consumer interest in credit unions and institutional growth. By necessity, the course for NWCUA will become expeditionary, to determine the most providential ways to capture a rapidly expanding marketplace for cooperative finance—in Oregon, Washington and beyond. Our association’s organizational dynamics are already changing accordingly. The new staff that is being built through this merger transition appears to be self-confident, strongly credentialed and new-mission ready. Seeing the incoming executive, continuing professionals and incoming staff appropriately future-focused is assuring.

There is nothing better in the contemporary financial system than the American credit union movement. The economic benefit your institutions provide is undeniable. To be part of that has been distinguishing. I am proud to have stood at your side in all endeavors.

With appreciation,

John Annaloro


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Posted in Advocacy News, Around the NW, NWCUA.