Rod Staatz, SECU's President and CEO Announces Retirement Plans
Rod Staatz, SECU’s President and CEO, has announced his plans to retire at the end of 2018. Staatz has served as SECU’s President and CEO since 2003.
Under Staatz’s leadership, SECU’s assets have grown from $1.36 billion to more than $3.3 billion today. He has led SECU through numerous changes while implementing a comprehensive growth strategy for the organization, which has expanded under his leadership to 22 branches and more than a quarter of a million members.
He has also led SECU’s move into innovative banking services such as mobile and online banking, remote video tellers, and the expansion of our range of financial products and services to meet member needs.
Staatz will continue to serve as President and CEO of SECU through the transition until the end of this year. A committee of SECU’s Board of Directors is working with Russell Reynolds Associates to identify potential candidates to succeed Staatz.
“Under Rod’s leadership, SECU is very well-positioned to continue serving Marylanders into the future. We are looking for the next leader who can build upon Rod’s many successes and work effectively in our highly collaborative environment,,” says Gayle Seward, SECU Board Chair.
“It has been an honor to work for our valued members, SECU’s employees, and the Board of Directors,” says Staatz. “I have enjoyed working with an outstanding, supportive board and an exceptionally strong management team.”
Staatz put Maryland’s mark on the national credit union movement through his service, first as a Board member and then as Chairman of the Credit Union National Association (CUNA), the premier national trade association serving credit unions. There, he became a widely respected and highly credible voice for credit union regulatory and legislative advocacy efforts, all of which have helped to foster the growth of credit unions in Maryland and throughout the country.
In addition, Staatz has been a staunch supporter of financial literacy for young adults, spearheading SECU’s financial literacy initiatives, which today includes sponsorship and involvement in three Millionaire’s Clubs, the annual Scholarship Programs for Maryland state employees and the University System of Maryland, ongoing Financial Reality Fairs, and a partnership with the Maryland Coalition of Financial Literacy.
We will keep our members informed about the transition once a replacement has been identified.