Barry Nelson plans to retire as the president and CEO of Travis Credit Union in Vacaville, California, this spring.
The $4.7 billion-asset organization said that Nelson, who has been with the company since 2000 and has been its leader for the past seven years, will step down April 15. The credit union is forming a committee to search for a successor.
“Throughout his career, Barry has served our members and community through COVID-19, an upgrade of our core systems, created a foundation to promote financial wellness and kept the credit union fiscally strong, garnering countless recognitions along the way,” Deborah Aspling, chairman of the board at Travis, said in a press release.
Nelson joined Travis Credit Union in January 2000 as assistant vice president of finance. He was promoted to senior vice president and chief financial officer in 2001 and was named president and CEO in 2014.
"I am confident that Travis Credit Union's board of directors and executive team have a solid strategic plan and vision that will guide us through the next 70 years,” Nelson said in the press release.
Travis Credit Union is the 12th largest credit union in California, with 24 branches and more than 217,000 members.
Travis earned $40.9 million in the first nine months of 2021, a 119% increase from a year earlier, according to call report data from the National Credit Union Administration.
