Chief Executive Officer

Cheney Federal Credit Union is looking for a CEO. The position is responsible for all facets of the credit union operations, strategy, financial success, and overall management. This position reports to the Board of Directors. We are seeking an individual who has a proven record of successful experience working at senior levels in small, local, community-based credit unions and demonstrated experience with progressive career development in management positions.

Summary

The CEO provides strategic direction, vision, leadership, and management in all functional areas in accordance with credit union regulations and polices established by the Board of Directors. They ensure financial stability and member satisfaction commensurate with the best interest of the members, the employees, and the Credit Union. They develop and maintain organizational structure and effective personnel. They represent the Credit Union to regulatory agencies, trade associations, community and civic organizations, members, and other financial institutions.

The CEO plays a significant and deeply engaged role in performing work needed to support day-to-day operations. An average day may include meeting with members, attending a community event for member development, reviewing financials and risk management reports, working with technology vendors to resolve systems issues, developing marketing materials, and other activity that might otherwise be delegated to other resources in a larger organization. This is a full-time, working-manager position.

Benefits

• Group Medical (Premera): Employee premium paid 100% by credit union
• Group Dental (Delta): Employee premium paid 100% by credit union
• Life & LTD: $50,000 life insurance policy and LTD premium paid by credit union
• 401(k) Plan: Eligible after 1 year of service, CU matches up to $200 monthly and does a 4% profit sharing contribution at year end
• 11 paid holidays (that coincide with the Federal Reserve Holidays)
• Vacation accrual: Starting vacation of 18 days per year, with additional accrual based on years of service
• Sick Leave accrual: 8 hours per month

Essential Job Responsibilities and Evaluation Criteria

Strategic and Business Planning – Ensure the Credit Union establishes and follows prudent financial practices that reach Strategic Plan goals while maintaining the soundness of the Credit Union

• Partnership with the Board of Directors – Maintain a partnership with the Board of Directors through which information affecting the performance of the Credit Union is shared openly and accurately
• Compliance – Ensure the Credit Union is compliant with federal, state and other regulatory agencies
• Financial performance – Chair the ALM / Risk Management Committee. Develop and supervise the implementation of a Business Plan and budget that are consistent with the Strategic Plan
• Staff Management – Ensure the Credit Union recruits, develops, and retains outstanding staff members who provide professional, caring service to the members
• Risk Management – Establish, maintain, and enforce a strong system of internal controls and ensure that the Credit Union regularly reviews areas of risk and develops policies and practices to mitigate exposure
• Member Relations – Ensure member input is solicited and used in evaluating service quality and product enhancements
• Community Relations – Enhance the Credit Union’s relations with the community, business groups, government agencies and trade organizations

Delegated Authorities and Responsibilities

Reports to the Board’s Executive Committee regarding duties and authorities, with additional reporting to the Supervisory / Audit committee.

Qualifications

• Education: Bachelor-level education is preferred but related experience, year-for-year, will be considered in lieu of academic achievement
• Experience: Candidates must have at least 10+ years progressive experience in banking and a minimum five years of senior management level experience preferably with small (under $250 million) community-based credit unions and/or banks. They should have experience in key management positions within financial services with progressively greater responsibility.
• Location: We are currently considering only those candidates who live in the Greater Cheney / Spokane area

Requirements

• Knowledge of financial services industry as well as regional and national economic landscape
• Experience with financial institution operations, lending and risk management, finance and accounting policies, state and federal laws and regulations
• Excellent analytical and problem-solving skills
• Demonstrate strong leadership, organizational, and interpersonal skills
• Strong sense of ethics and accountability
• Develop strategic plans that include growth, member service, and brand and market strategies
• Communicate effectively with members, potential members, outside organizations and the Board of Directors
• Maintain a working relationship with the Board of Directors, including the ability to communicate complex information clearly and frankly
• Represent the Credit Union and develop relationships within the industry, community, and governmental entities

Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to talk or hear. The employee is frequently required to sit and use hands to finger, handle, or feel. The employee is occasionally required to stand; walk and reach with hands and arms.

Work Environment

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The noise level in the work environment is usually moderate.

We are an Equal Opportunity Employer.

Job Type: Full-time

Pay: $160,000.00 - $180,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Health insurance
• Life insurance
• Paid time off

Schedule:

• Monday to Friday
• Weekends as needed

Ability to Relocate:

• Cheney, WA 99004: Relocate before starting work (Required)

Work Location: In person