Elliot Gregg Announces Plan to Retire from Kitsap Credit Union


Elliot Gregg, President/CEO of Kitsap Credit Union

When Elliot Gregg took the reins as President/CEO of Bremerton, Washington-based Kitsap Community Federal Credit Union in 2000, he’d landed at an admired, community-focused financial institution.

When he retires in January 2019, he will be leaving the credit union, now known as Kitsap Credit Union, even stronger than he found it.

On Gregg’s watch, Kitsap CU has expanded its branch footprint from nine to 15, and a 16th branch will soon open in the greater Pierce County region.  Assets have tripled from just under $400 million to $1.2 billion. More than 100,000 consumers in the four counties Kitsap CU serves, have made the choice to be members of the not-for-profit, cooperative credit union.

“This is a momentous occasion for me and for my wife Maureen, as it concludes 19 years that I have served this very special credit union,” Gregg said. “I am deeply grateful for enormous support of the Board, Management, Staff, and Community over the past two decades.”

Honor Proud Traditions, Create New Ones

Gregg’s success leading transformation at Kitsap CU started with a vision to honor it’s  storied history and community impact, while moving it forward to offer the relevant suite of financial services consumers in the area want and need.

Kitsap’s proud roots were planted in the Puget Sound Naval Shipyard in 1934, when it was known as the Navy Yards Metal Trade Credit Union. So when Gregg oversaw the construction of Kitsap CU ’s new corporate office in downtown Bremerton, the site selected was right next door to the shipyards. At the same time, Gregg led the credit union through community Impact resulting in many honors including:

  • 2014 Department of the Navy “Credit Union of the Year” honors;
  • Several Credit Union National Association (CUNA) Dora Maxwell Social Responsibility and Louise Herring Philosophy in Action awards; and
  • National Association for the Advancement of Colored People (NAACP) community service recognition.

“I speak for the Board and KCU Membership as a whole, that we are deeply grateful for Elliot’s leadership as our CEO, and wish Elliot and Maureen a most deserved and relaxing retirement,” said Jim Rowson, Chair, Kitsap CU Board of Directors.

In addition to leading Kitsap CU and supporting numerous community initiatives in the counties the credit union serves, Gregg is a former member of the Northwest Credit Union Association (NWCUA) Board of Directors.

Gregg is giving the credit union nearly a year’s notice before officially retiring, so the recruitment process can begin for the next President/CEO. The Kitsap CU Board of Directors is working with Strategic Link partner DDJ Meyers in a nationwide search to recruit the next President/CEO.

Posted in Around the NW.