Rod Staatz, the president and CEO of SECU since 2003, plans to retire at the end of 2018, the credit union announced Wednesday.
With $3.3 billion in assets, SECU is Maryland’s largest credit union. Based in Linthicum, SECU serves more than a quarter million members through 22 branches and a network of free ATMs.
“Under Rod’s leadership, SECU is very well-positioned to continue serving Marylanders into the future,” saidGayle Seward, chair of SECU’s board of directors. “We are looking for the next leader who can build upon Rod’s many successes and work as effectively in our highly collaborative environment.”
The board has launched a search for a successor, working with Russell Reynolds Associates to identify potential candidates. Staatz will remain as CEO through the end of the year to help with the transition.
Besides overseeing SECU’s growth and leading it through the financial crisis of 2008, Staatz also served as chairman of the Credit Union National Association.