PARKERSBURG — A change in command is underway on the West Virginia Credit score Union League.
Ken Watts is retiring as president and CEO and can be succeeded by Wealthy Shaffer. The retirement, capping a service span of 46 years, was efficient on the finish of April.
The bulletins have been made by league Chairman Joetta Heck.
“I’m really humbled and honored by the board’s choice. I’ve been very lucky to have Ken has a good friend and mentor over the previous 33 years, and likewise work in a cooperative motion that places individuals forward of revenue,” Schaffer stated. “Whereas I’ll deeply miss working with Ken, I look ahead to persevering with to construct upon the sturdy basis he has established over a few years.”
Headquartered in Parkersburg, the league is the commerce affiliation for the 85 credit score unions in West Virginia which have mixed property in extra of $four billion.
“It’s bittersweet for the Board of Administrators of the West Virginia Credit score Union League to announce the retirement of our president and chief, Mr. Ken Watts,” Heck stated. “Ken has been main our league for 32 years, however started his service lengthy earlier than that.”
Watts got here to the league in 1975 as a area consultant and moved up by the group, turning into president in 1989.
“Ken has labored tirelessly to make it possible for the Credit score Unions in West Virginia not solely survived, however thrived amid a mass of modifications throughout his tenure,” Heck stated.
Watt’s profession consists of testifying earlier than Congress on behalf of the Credit score Union Nationwide Affiliation in assist of the Monetary Establishment Examination Equity and Reform Act and different affiliation initiatives.
Watts was honored as with Credit score Union Home Corridor of Leaders award in 2020 and the Eugene H. Farley League Management Award in 2021. He additionally was acknowledged by CUNA as a Credit score Union Founders Membership member for organizing a number of credit score unions in West Virginia.
Schaffer has been with the league for the previous 33 years and has served as senior vp since 2004. He has been concerned in all phases of the League’s operation and has directed the League Providers Company throughout his tenure, Heck stated.
“The league board feels Wealthy could be very nicely suited to imagine the duties as league president/CEO and to guide the League into the long run,” she stated.
The West Virginia Credit score Union League was based in 1936.
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