TAPCO and Rogue Credit Unions Announce New CEOs

The new year is off to a strong start for the Northwest Credit Union Movement as two cooperatives recently appointed new CEOs to lead their teams in 2022 and beyond.

TAPCO’s Board of Directors selected Justin Martin as President and CEO of the Tacoma, Washington-based credit union. Martin, who most recently served as Verity Credit Union’s EVP and COO, will officially step into his new role on Jan. 5.

Martin is a long-time credit union advocate with more than 20 years of experience in the industry. Throughout his career, he has served in a variety of executive roles including Chief Human Resource Officer, Chief Marketing Officer, and most recently Executive Vice President and Chief Operating Officer.

During his tenure at Verity, Martin led numerous transformational initiatives that led to significant growth, helping the credit union more than double its asset size and grow membership by over 45%. This was achieved through a people-centered approach — listening to and partnering with members and the community to introduce innovative products and services that create unique value and benefit.

Martin’s commitment to the community is evident through his past and current involvement with multiple nonprofits, including serving on the boards of the North Seattle College Foundation, the Seattle Colleges Foundation, and Country Doctor Community Health Centers. He brings this passion for community to his credit union work and believes that “first and foremost, credit unions need to look at themselves as community institutions. This brings a responsibility to actively engage with and respond to the needs of the members and greater community we serve.”

“I am excited to be a part of TAPCO’s vision and mission; serving the community is my passion,” said Martin. “I believe that through embracing the cooperative spirit of credit unions we can drive significant, positive impact in the lives of our members and the greater community, addressing areas of equity and ensuring everyone is able to prosper.”

Rogue Credit Union announced yesterday that Matt Stephenson will officially assume the role of President and CEO on April 1, following the retirement of long-time CEO, Gene Pelham.

Stephenson joined the Medford, Oregon-based credit union in 2004, serving as the Executive Vice President for the last 10 years and President over the past year. His leadership has played an instrumental role in many significant projects over the years including the purchase and assumption of Chetco Federal Credit Union, a core system conversion, and a merger with Malheur Federal Credit Union.

As a lifelong credit union member, Stephenson’s passion for the credit union movement will continue to propel Rogue into the future.

“I have been blessed to work with an amazing team at Rogue for many years,” he said. “I am extremely honored and humbled to have been selected to lead Rogue in our continuous pursuit of providing our members with the personalized exceptional service they’ve come to expect.”

Upon Pelham’s retirement in March, Stephenson will become just the fifth President and CEO in Rogue’s 65-year history.

“It was important to the Board of Directors to select a President/CEO who would continue to provide strategic vision, leadership development, commitment to community, and doing what is right for the members at Rogue,” said Rogue Board Chair Philip Smith.

Gene Pelham leaves a lasting legacy with over 40 years of experience in the financial services industry, having spent the majority of his career pursuing his passion for service as part of the not-for-profit Credit Union Movement.

Pelham joined Rogue in 2003 and has led the credit union as President and CEO since 2007. Under his leadership, Rogue Credit Union experienced tremendous success, growing from serving 39,400 members with $303 million in assets to serving over 183,000 members with $3 billion in assets.

Posted in Around the NW, Leadership.