John Zmolek, Verity Credit Union President and CEO, to Retire
March 2, 2021
John Zmolek has announced he will retire April 14, after serving as President and CEO of Verity Credit Union for the past seven years. Seattle Credit Union’s Tonita Webb has been named as his successor.
Zmolek joined Verity 31 years ago, first serving as a board member, and then in various executive roles before being named President and CEO in 2014. Under Zmolek’s leadership, Verity Credit Union has demonstrated the values of true social and environmental responsibility, while vigorously working to improve the lives of people in the communities it serves.
As President and CEO, Zmolek focused on environmentally friendly lending programs, affordable housing, and serving the underserved — providing loans for solar panels; electric or hybrid vehicle loans; first-time home buyer and down-payment assistance mortgage loans; and loans to assist businesses and individuals through the pandemic. During his tenure, these loans have grown to over 24% of Verity’s total portfolio, with a goal of 40% by 2025.
Zmolek led Verity as it became one of only 11 financial institutions in the United States to join the Global Alliance for Banking on Values. In 2019, Verity, along with 27 other members of the Alliance, pledged to track and monitor the carbon impact of its loans and investments by 2022, to align the carbon footprint of its portfolio with Paris Agreement goals to keep global temperature increases under control.
“John led Verity with heart and vision,” said Zach Gose, Verity Board Chair. “Whether saving the Ballard P-Patch or partnering with solar contractors to create solar energy loans, his focus on social and environmental impacts inspired Verity to help communities dream boldly. We are thankful for his leadership, and, while he may be retiring, we’re glad that John will continue to make a difference through community organizations such as Business Impact NW.”
Under Zmolek’s leadership, Verity saw significant membership growth. In the seven years prior to him assuming the role of President and CEO, membership grew by just 458. In the seven years since he took the reins, Verity has added 9,461 members.
“I’ve always felt that membership growth was the most important indicator of whether we are living our mission,” said Zmolek. “It demonstrates how we are enhancing lives by building trusted relationships with members and the community.”
Throughout his career, Zmolek has been a staunch advocate for the Credit Union Movement and for building strong communities. He’s currently the Vice Chair of Business Impact Northwest, serves on the GSBA Advisory and YouthCare boards, and is a trustee and Chair of the Staff Parish Relationship Committee with Wallingford United Methodist Church.
He previously served on the Northwest Credit Union Association Board for six years, including two years as Chair. He also served as Board Chair for the Fremont Neighborhood Council; the Bright Water Waldorf School; and Shanti, an organization that provides emotional support for individuals with AIDS.
Zmolek will step down as President and CEO after Verity’s Annual Membership Meeting on April 14.
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Posted in Around the NW.