Oregonians Credit Union names new CEO as longtime leader retires.
The appointment of Bryce Mortensen marks a major leadership transition for the Milwaukie-based credit union as it expands its technological ambitions and prepares for its next phase of growth.
Oregonians Credit Union, a $338 million-asset institution based in Milwaukie, Oregon, has appointed Bryce Mortensen as its next president and chief executive officer, ushering in a leadership shift as longtime CEO Sam Launius prepares to retire after 32 years with the organization.
Mortensen, who most recently served as executive vice president of operations at $346 million-asset AERO Financial in Glendale, Arizona, brings more than 25 years of experience in credit union leadership.
His career has been defined by a blend of technology-focused modernization and operational strategy—an approach that Oregonians officials say aligns with the institution’s long-term vision.
“Bryce Mortensen has an exceptional combination of vision, technical expertise, and leadership experience that will drive Oregonians Credit Union into the future,” said Alicia Anderson, chair of the credit union’s search committee in a press release. “He understands both the evolving landscape of financial services and the cooperative principles that define our mission.”
At AERO Financial, Mortensen oversaw sweeping technology upgrades, including a full core processing conversion and a major digital banking overhaul. He also led the implementation of machine learning–driven marketing automation and guided a rebranding initiative that won two 2025 MAC Awards for Rebranding and Website Transformation. His cybersecurity programs also earned consistent national recognition.
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Industry peers have cited his forward-looking approach, and many of the strategies he presented at conferences have been adopted by other institutions. Mortensen holds an MBA from Louisiana Tech University and is a Certified Information Systems Security Professional.
“I am honored to join Oregonians Credit Union and to collaborate with its talented team and dedicated Board of Directors,” Mortensen said. “Credit unions have always been about people helping people, and I’m excited to build on that foundation by enhancing member experiences, expanding access through technology, and writing the next great chapter in the credit union’s history.”
The leadership change comes during a period of financial strength for Oregonians, which serves more than 18,000 members across 13 Oregon counties. The credit union earned $3.2 million in the first three quarters of 2025, up from $1.9 million a year earlier, according to NCUA call report data.
Launius, who announced his retirement plans in March, will step down later this month. Board chair Jeff Coffman praised Launius’s legacy, noting his decades of work to expand community programs, bolster financial literacy, and guide the credit union through major periods of technological change.
“His impact on the credit union and the community will be felt for years to come,” Coffman said.
Launius previously led Mountain View Federal Credit Union, one of three institutions that merged in 2005 to form Oregonians Credit Union.
“Credit unions have always been about people helping people, and I’m excited to build on that foundation by enhancing member experiences, expanding access through technology, and writing the next great chapter in the credit union’s history.”
– Bryce Mortensen
New President & CEO
Oregonians Credit Union
