Cascade Federal Credit Union in Kent, Wash., turned to the banking industry to recruit its next leader.
The $347 million-asset credit union said in a press release that it hired Sam Jimenez as its president and CEO. Jiminez succeeded Sarah Richardson, who will remain with the credit union through the end of this year to assist with the transition.
Jiminez recently served as CEO of 1st Capital Bank in Salinas, Calif., which was sold to Santa Cruz County Bank in October.
“Sam has a wealth of knowledge and experience, from being an FDIC bank examiner to executive roles in risk management, finance and accounting, operations, and most recently as the president and CEO of a $1 billion community bank,” John Graham, Cascade’s chairman, said in the release. “We are highly confident that he will serve our members well and provide great leadership to the Cascade team.”