WASHINGTON (Filed at 11:50 a.m. ET 5/5/10)--William "Bill" Cheney has been named the successor to Dan Mica as president/CEO of the Credit Union National Association (CUNA), CUNA's chairman announced today.
Cheney, 49, is currently president/CEO of the California/Nevada Credit Union Leagues. “After an exhaustive search, in which nearly 100 highly qualified candidates were considered, the CUNA Board has unanimously accepted and certified the executive search committee’s recommendation of Bill as the next chief executive of our association,” said Kris Mecham, CUNA Board chairman. “Bill’s long service to credit unions, as both a financial institution executive and association leader, ensure our association will not miss a beat in advocating for credit unions.” Mecham said Cheney, who has been the California/Nevada Leagues president since 2006, will take the reins of CUNA July 5. “I am honored that the CUNA Board has the confidence in me as their selection for this position, given the very extensive search that was conducted by the committee,” Cheney said. “I am ready for the challenge and excited about the opportunity. Dan Mica has built a great team and I look forward to leading it in continued pursuit of critical credit union goals.” Harriet May, CUNA vice chairman and leader of the executive search committee, said Cheney’s background in credit unions was a key factor in the search group’s recommendation of his hiring. “While we in fact considered candidates from both inside the credit union movement and outside of it-- and nearly all who possessed compelling professional and personal achievements-- we ultimately recommended Bill for the job because of his peerless and extensive background as a credit union professional and as a professional advocate for credit unions. He knows us--and we know him.” Current CUNA CEO Dan Mica said he fully concurred with and applauded the board’s selection. “He has the resume and the real experience to do the job brilliantly,” Mica said. “His many visits to Capitol Hill and the relationships he has built, his tireless work with the regulator, his bonds with his California and Nevada members, his knowledge of credit unions and of business in general makes him the ideal candidate. I anticipate an absolutely seamless transition from my tenure to that of the new leader of the credit union movement.” Mica added that the transition is already underway, and that he will be working with Cheney until the new CEO’s official start date in early July. Mica said he will remain available to Cheney for counsel through the remainder of the year.