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June 16, 2022
BECU's CEO and President Benson Porter announced that he is retiring at the end of the year, after ten years leading the credit union and more than 35 years in the financial services industry. During Porter's time at the credit union, BECU has grown from just under $10 billion in assets to more than $30 billion in total assets today. During that same period, membership grew from over 800,000 members to more than 1.28 million members this past year. The credit union also expanded its business services to serve over 68,600 business members.
The BECU Board of Directors has established a CEO Succession Committee to select its new leader. Recruiting efforts will begin soon, which includes executing a nationwide search that will consider internal and external applicants.