FEDERAL WAY, Wash., and BEAVERTON, Ore. (8/29/12)--John Annaloro, CEO of the Northwest Credit Union Association (NWCUA), will retire on Oct. 2, NWCUA announced Tuesday.
NWCUA's change of leadership will occur in conjunction with its Convention and Annual Business Meeting in Vancouver, Wash. A reception honoring Annaloro's accomplishments will be held on the evening of Oct. 4 during the convention.
Annaloro has served as CEO of the organization for 15 years, from 1997 to 2010 with the Washington Credit Union League and from 2010 to the present with NWCUA. Prior to moving to Washington, he was a senior executive for the California and Nevada Credit Union Leagues.
"John has consistently championed advocacy's vital importance to credit union success, implementing programs that are among the strongest in the nation and with a focus that has resulted in Washington and Oregon having two of the most progressive charters in the nation," said Bill Cheney, president/CEO of the Credit Union National Association (CUNA).
"Further, among many other accomplishments, he has shown outstanding leadership in championing financial literacy, most notably through his visionary embrace and early financial support for the Public Broadcasting System's BizKid$ program, which has gone on to become one of the movement's signature financial literacy initiatives, now under the auspices of the National Credit Union Foundation," Cheney said.
"And, on top of all of that, as a league executive and president, he has demonstrated superior results both organizationally and financially, highlighted by his personal engagement and essential role in the historic vote by the Washington and Oregon credit union leagues to merge and become the Northwest Credit Union Association, " he added.
Annaloro was the Washington league's sixth executive officer and the first CEO of NWCUA, the product of a merger between the Washington league and the Credit Union Association of Oregon. It now serves nearly 200 credit unions.
Known as a promoter of aggressive and effective government affairs programming, he has earned numerous awards, including the Eagle Award from the American Association of Credit Union Leagues for his outstanding record of achievement as a system leader. Among his other awards are:
- ASAE National Award for Outstanding Governmental Affairs Programs;
- The Western CUNA Management School Outstanding Graduate; and
- Co-recipient of the National Credit Union Foundation's Herb Wegner Memorial Award for the PBS television series, "BizKid$," which was launched in Seattle with credit union funding.
"I am honored to have the opportunity to work with and get to know John over the past few years," said NWCUA Board Chairman Bill Anderson. "His focused and agile leadership he has put in place is the very foundation that has made this organization--and indeed, our industry--such a success."
Under his watch, Northwest credit unions gained national influence, working with CUNA to promote legislation, membership awareness and other initiatives improving the operating environment for the financial institutions.
"John is a thought leader in the credit union movement. He is usually months if not years ahead of everyone else," said Dan Mica, former CUNA CEO. "John spared no effort advancing the credit union charter. He clearly established Washington State as what I would call a 'soldier on the ground,' taking critical issues door-to-door to the people. There is no way a national organization such as CUNA can advocate alone."
Annaloro also was a leader in advocating for the passage of the Credit Union Membership Act of 1998, which significantly opened credit union membership eligibility to consumers.
"Serving the credit union system has been an honor in every way," said Annaloro. "I appreciate the trust vested in association executives by our credit unions. These appointments are noble endeavors, worthy of anyone's best efforts to provide a brilliant future. I will miss many friendships, as well as the staff, board members and past chairmen who have been my partners."
Annaloro will be succeeded as CEO by Troy Stang, NWCUA's current president.