It is with regret that I inform you that our President and CEO, John Iglesias, has left Salal to lead a credit union in Oregon. In these difficult economic times, Salal Credit Union has done extremely well under John’s leadership. However, we realize this move represents a significant professional opportunity for John, and we wish him all the best. 

John leaves Salal CU in a very strong position: we have an exceptionally experienced and talented Senior Management team in place, as well as engaged and knowledgeable Board and Committee members, and excellent employees at every level. The Board is confident that the Senior Team and all Salal’s employees will handle the transition to a new CEO with skill and a minimum of disruption in service to members.

In my tenure as a member and now as Chair of the Board, I’ve been pleased to be able to tell our members of Salal’s strong and stable financial position. That has not changed and will not change as a result of John’s departure. We maintain our healthy financial reserves and continue on our 60-plus-year path of careful decision making.

Salal’s Board and Committees will now take on the task of hiring Salal’s next CEO. We are committed to preserving Salal’s standard of excellence and to communicating to members as we engage in this process and make our decision.

I know I speak on behalf of all Salal’s Board and employees as I say “thank you” for your membership and commit to you that we will continue to remain focused on what is most important ­—serving our members and keeping your best interests in the forefront of every decision we make.

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