SECU’s board of directors has selected Dave Sweiderk to succeed Rod Staatz as president and CEO of Maryland’s largest credit union, it announced Tuesday.
Staatz, SECU’s top executive since 2003, plans to retire this year.
Sweiderk will become CEO officially on Sept. 4. Staatz will stay with SECU to help Sweiderk as he transitions to his new position.
Sweiderk most recently served as executive vice president and chief 0perating officer at OneAZ Credit Union in Arizona. He has more than 25 years of experience in financial services at such institutions as First National Bank of Omaha, Sovereign Bank and Chevy Chase Bank.
“While our national search produced a number of highly qualified candidates, it was evident to all on the board that Dave was the right person to build upon Rod Staatz’s many successes and work effectively in our highly collaborative environment,” said Mark Reger, SECU’s board chairman, in a statement. “We are very confident that under his leadership, SECU is very well-positioned to continue serving Marylanders into the future.”
Under Staatz, SECU nearly tripled in size to $3.5 billion in assets. The credit union serves more than a quarter of a million members with 22 branches.
“Dave is highly qualified and has the vision to grow SECU and continue building on the great work we’ve accomplished to date,” Staatz said in a statement. “I know he will do great things for SECU.”