Change at the top for Washington’s second-largest credit union

The $5.9 billion-asset STCU Tuesday night announced the departure of longtime CEO Ezra Eckhardt.

Ezra Eckhardt is out as President and CEO of Spokane Teachers Credit Union in Liberty Lake, Washington.

The $5.9 billion-asset credit union, which operates as STCU, said only that Eckhardt “is no longer with STCU. Ezra intends to pursue other endeavors,” according to a press release obtained by the Spokesman-Review.

Eckhardt led the organization beginning in October, 2017, according to his LinkedIn profile.

STCU subsequently named its chief financial officer, Lindsey Myhre, as the interim CEO, according to the press release.

Myhre started working at STCU in 2000, according to her LinkedIn profile.

“She has been instrumental in shaping STCU’s culture and is deeply involved in all areas of the credit union,” the news release said.

Last year, STCU announced plans to acquire the $550 million-asset Community Bank, which is based in Joseph, Oregon and had 10 branches. That deal closed earlier this month.

Twenty-two times in 2024 banks across the country agreed to sell themselves to credit unions – the most ever.

In 2020, STCU bought four Umpqua Bank branches in Roseberg, Oregon.

The Oregon Division of Financial Regulation in July approved STCU’s request to expand its field of membership into 14 Oregon counties. STCU’s geographic footprint now includes 61 counties in North Idaho, Eastern Oregon, and all of Washington.

The credit union has 49 branches across Eastern Washington, Tri-Cities, the Columbia Basin and North Idaho.

STCU has 289,000 members and earned $5.4 million in the first quarter of 2025 compared with $454,000 a year earlier, according to call report data from the National Credit Union Administration.

The $29.5 billion-asset Boeing Employees CU is the only Washington-based credit union larger than STCU.

2025-05-14T06:48:56-07:00
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