Steve Stone has taken the helm at Pleasanton, Calif.-based 1st United Credit Union, succeeding retired CEO Victor Quint.
In a press release, credit union officials described Stone as a “highly experienced, successful and well-regarded leader.”
A graduate of the University of California, Berkeley’s Haas School of Business, Stone has been with 1st United since 1991. During that time he has led a variety of divisions at the $1 billion-asset institution, including collections, lending, and audit and compliance. He most recently served as chief financial officer before being appointed CEO.
“Steve has been a valued member of the 1st United team for many years,” Howard T. “Bud” Garrigan, chairman of the board, said in a statement. “His long tenure, varied experience and demonstrated competence made him a natural choice for the job.”
1st United CU generated net incomes of about $5 million in each of the past two calendar years.