Washington’s second-largest credit union names its first-ever female CEO
After beginning her STCU career 25 years ago as an accounting assistant, Lindsey Myhre has now ascended to the organization’s top spot.
Spokane Teachers Credit Union in Washington has named Lindsey Myhre as its new president and CEO.
The $5.9 billion-asset organization, which operates as STCU, named Myhre as its interim CEO in May after former chief executive Ezra Eckhardt and the credit union parted ways.
Myhre started her STCU career in 2000 and was most recently the Liberty Lake-based institution’s executive vice president and chief financial officer, which also included the role of chief human resources officer.
“While we have a deep bench of leadership talent, Lindsey stands out as uniquely prepared for the top position,” said Board Chair Steven Jones in a press release Wednesday.
Myhre was promoted into manager and director positions before joining the executive leadership team in 2015. She becomes the sixth president of the credit union since its inception in 1934, and the first woman to hold the position.
Back in May, STCU said only that Eckhardt was “no longer with STCU. Ezra intends to pursue other endeavors,” according to a press release obtained by the Spokesman-Review.
He led the organization beginning in October, 2017, according to his LinkedIn profile.
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Last year, STCU announced plans to acquire the $550 million-asset Community Bank, which was based in Joseph, Oregon. That deal closed earlier this Spring.
STCU called the past year one of “remarkable growth” for the credit union and said the Community Bank deal brought in 14,000 new members and 10 new branches. That includes seven branches in Eastern Oregon – the credit union’s first outside Eastern Washington and North Idaho.
The Oregon Division of Financial Regulation in July 2024 approved STCU’s request to expand its field of membership into 14 Oregon counties.
In September, STCU will open its 50th branch location – up from six when Myhre started her career.
“It’s been a thrill to watch this organization grow and earn a reputation for stellar service to members and communities,” Myhre said in the release. “We’re just getting started.”
STCU has 300,000 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.
“From the day I started as an Accounting Assistant, I knew that STCU was committed to my development into leadership – a commitment that continues today for all STCU employees who choose that path.”
– Lindsey Myhre
President and CEO
STCU
