Harborstone Credit Union in Lakewood, Washington, has hired Geoff Bullock as its next CEO.
He will succeed Phil Jones, who is retiring after 15 years of leading the credit union.
Bullock is currently executive vice president and chief member experience officer for the $4.3 billion-asset Royal Credit Union in Eau Claire, Wisconsin. He is expected to transition to his new role at the $1.9 billion-asset Harborstone by the end of October.
"Geoff is an inspirational and innovative leader," Ann Anderson, Harborstone Credit Union's chairman, said in a press release. "Based on our thorough and independently-led executive search process, we're confident Geoff is the strongest fit to drive Harborstone into its next phase of growth and success."
Among his other accomplishments, Jones oversaw Harborstone's
"It was clear throughout this process that Harborstone is a special place, and this is a once in a lifetime opportunity," Bullock said in the press release.
Harborstone began in 1955 as McChord Federal Credit Union, serving airmen on McChord Air Force Base.
Harborstone Credit Union earned $8.4 million in the first six months of 2022, an 11% decrease from a year earlier, according to call report data from the National Credit Union Administration.
