Rick Schmidt, the longtime president and CEO of WestStar Credit Union in Las Vegas, will retire in January.
Schmidt has been WestStar’s chief executive since 2010.
“I know it wasn’t an easy decision,” WestStar Chairman Craig Hawkins said in a press release. “WestStar Credit Union has been his pride and joy … the new CEO will be filling some big shoes.”
The $265 million-asset credit union said it hired Humanidei + O’Rourke to find Schmidt’s successor.
Schmidt has more than 30 years of experience in the financial services industry and was previously chairman of both the Nevada Credit Union League’s board and the Consumer Financial Protection Bureau’s Credit Union Advisory Council.
WestStar earned roughly $1 million in 2021 after losing about $80,000 a year earlier, according to call report data from the National Credit Union Administration. It serves about 21,000 members, including people employed in Nevada's gaming industry.
