BALTIMORE—Two new leaders have stepped in at credit unions in Maryland and Colorado.
The $552-million Securityplus FCU here has named Mike Barr CEO.
“We are pleased to announce the selection of Mike Barr as Chief Executive Officer. Mike brings an impressive track record of leadership and innovation and was recently recognized as a 2023 Credit Union Rock Star by Credit Union Magazine for his exceptional creativity, innovation, growth, and passion,” said Barbara G. Cuffie, board chair, in a release. “His extensive experience in credit union operations, demonstrated through multiple facility expansions, technology conversions, and CDFI grants, makes him the ideal candidate to lead our organization forward. Mike’s commitment to community development and his strategic approach to organizational growth align perfectly with our vision for the future.”
Barr brings over 15 years of credit union leadership experience to his new role.
He previously served as President/CEO of Commodore Perry Federal Credit Union, where he led significant asset growth, implemented community development initiatives, and secured over $3.5 million in grants to support low-income lending, Securityplus said.
“I’m incredibly honored to join Securityplus Federal Credit Union as CEO, and I am excited to work with our dedicated team and board to continue building lasting relationships with our members. Together with our team, I look forward to strengthening those relationships, elevating our team member experience, and expanding the Securityplus impact in our communities,” Barr stated.
Malkin To Head RMCU
In Denver, Cyrus Malkin has been named president and CEO of Rocky Mountain Credit Union.
Malkin brings over 20 years of leadership experience in the credit union and financial services industry, Montana’s CUs reported.
“Cyrus has spent almost 17 years with our credit union. He knows the organization’s history, culture, and community. The board is confident in our choice of Cyrus, and we look forward to continued success in serving the community,” said Kristen Bouchard, RMCU board chair.
Malkin started working for Rocky Mountain CU in 2008. He has held various leadership roles throughout his tenure, including vice president of risk management and controller. Malkin was named chief financial officer of the organization in 2021.
“This has been my long-term goal since I started with Rocky Mountain, and I am honored to have been named CEO of the credit union. I am confident that with our dedicated board of directors and talented staff, the credit union will continue to see success and provide our members with the products and services they need,” said Malkin.