Jim Jordan, the longtime president and CEO of the Sacramento-based Schools Financial Credit Union, will retire at the end of this year, wrapping up a nearly 40-year career in credit union management.
He has held the top posts at Schools Financial since 1991, when credit union assets totaled $311.5 million. Today, the 82-year-old credit union has assets of more than $1.6 billion.
Tim Marriott, executive vice president of Schools Financial, will take over the top posts in 2016. Marriott’s appointments were approved by the board of directors.
Marriott has put in 18 years with the credit union, serving in various executive positions.
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Schools Financial has 11 branches and more than 124,000 members in the Sacramento region.