NASCUS Wishes CUNA President/CEO Cheney Well in New Position as President/CEO of Calif.-Based SchoolsFirst FCU

March 12, 2014 – Arlington, Va. According to a Wednesday release, after four years as president/CEO of the Credit Union National Association (CUNA), the national organization that represents credit unions of all sizes from every part of the United States, Bill Cheney is leaving. A national search for a new president/CEO of CUNA will be launched immediately, according to CUNA Chairman Dennis Pierce, as Cheney will be returning to California in June to be president and CEO of the 9.7 billion-asset SchoolsFirst FCU in Santa Ana.

Cheney will replace SchoolsFirst FCU president/CEO Rudy Hanley, who announced early this year that he would retire from the credit union after 31 years of service. Originally, Hanley was scheduled to retire in March, but Hanley said he would stay on until Cheney comes aboard in June.

NASCUS President and CEO Mary Martha Fortney congratulated Cheney on his new role with SchoolsFirst FCU, and wished CUNA well in finding a replacement.

“There is no doubt Bill will be missed,” she said, “We have worked well with him over the years on a number of important issues including supplemental capital, support of dual chartering, and matters important to the credit union system.  We look forward to continuing to work with him in his new position,” she added.

Cheney has played an active role in the credit union movement for more than 25 years. His experience includes senior management positions at Security Service Federal Credit Union in Texas and Xceed Financial Credit Union (formerly Xerox Employees Federal Credit Union) in California, where he was president and CEO. He succeeded former U.S. Rep. Daniel A. Mica as leader of CUNA in 2010. Prior to joining CUNA, Cheney served as president and CEO of the California and Nevada Credit Union Leagues.

Cheney expressed his thanks to the credit union movement for its support over his nearly four years of leading the national trade association.

“I take on this new role at SchoolsFirst knowing that, with the backing of the CUNA board, the state leagues, and CUNA staff, we have accomplished much. However, the work will continue without interruption.”



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