TUKWILA, Wash. (12/22/11)--BECU in Tukwila, Wash., announced Tuesday it had chosen Benson Porter to be its new president/CEO, beginning in April. Porter replaces retiring CEO Gary Oakland, who led BECU for 25 years.
Porter has worked for the Washington State Senate Banking Committee and the state's Division of Banking. He spent another 14 years in senior management roles at KeyBank and Washington Mutual in Seattle before joining the credit union movement as CEO of Addison Avenue FCU, Palo Alto, Calif., which later merged with First Tech FCU.
Oakland was instrumental in developing the National Association of State Credit Union Supervisors' Credit Union Advisory Council and later was its chairman and director for many years.
Oakland joined BECU in 1980 and was named CEO in 1986. Under his leadership, BECU has grown into one of five largest U.S. credit unions, with total assets of more than $9.8 billion. Oakland will remain at BECU through mid-2012 to ensure a smooth transition, the credit union said.