Randy Bernstein has announced his retirement from Colorado Springs-based Ent Credit Union after after 20 years there.
Bernstein, who will retire in October, will be succeeded by Chad Graves, the current senior executive vice president of operations and technology.
Ent CU noted that Graves has “worked closely” with Bernstein for the past several years and that the two men “share similar operational and leadership styles.”
Bernstein has served as president and chief operating officer of the credit union since 2011, and was named president and CEO in 2014. During his tenure as CEO, assets and membership at Ent CU have both grown by more than 19 percent -- reaching in excess of $4.9 billion in assets and more than 289,000 members at the end of June 2017, the credit union said.
“I am pleased to be passing the torch to a leader who I know will continue to build on Ent’s success in strategic and innovative ways,” Bernstein said in a statement. “As a member of the Ent team for 18 years, Chad believes in putting our member-owners, employees and community first.”
According to its call reports, Ent CU posted net income of about $56.4 million in 2016, up from nearly $49 million in the prior year.
