Whatcom Educational Credit Union CEO Wayne Langei to Retire
February 3, 2014
Feb. 3, 2014
Whatcom Educational Credit Union has announced that longtime CEO Wayne Langei will retire in 2014 and that one of its executive vice presidents — Jeff Dykstra, Jennifer Kutcher or Robert Langei — will succeed Langei in August.
WECU says all three potential successors will undergo a “rigorous training process,” and that Langei will stay on as a consultant to the new CEO through January 2015.
“I am proud to have served WECU members and the credit union movement since 1973,” Langei says. “I have had a wonderful career, and it has been quite an experience to be able to positively affect the lives of so many people. I will be moving on to a new chapter in life, and it will be interesting to see what the future brings my way.”
In his 41 years at the helm, Langei has led WECU through phenomenal growth. Originally known as Bellingham Teacher’s Credit Union, the cooperative had three employees and $1 million in assets when Langei came on board. Today, WECU has more than 300 employees, serves more than 71,000 members and has more than $961 million in assets, making it the Bellingham area’s largest nonprofit financial institution.
Cathie Oberg, who chairs WECU’s board of directors, said the credit union worked with outside consultant O’Rourke and Associates to find the next CEO, eventually narrowing its choices to the three internal candidates. Dykstra, Kutcher and Robert Langei (the current CEO’s son) will all go through a training process designed by the consultant.
Wayne Langei will not be involved in the selection process, Oberg says, and the board will name a new CEO in August.
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