Express Credit Union’s CEO to Retire in 2024
January 4, 2024
On Dec. 14, 2023, Paul Baudin, the CEO of Seattle-based Express Credit Union, announced he is retiring at the end of 2024, after eight years leading the credit union and more than 45 years in the financial industry.
“When I first volunteered to serve on the Board of Express Credit Union, I had no idea where it would lead. From that starting point, the Credit Union Movement ignited a newfound desire to deliver financial services in a uniquely human and empathetic way. I learned to drive positive change by listening to our members and communities – taking the time to understand their challenges and deliver solutions to help them on their journey to greater financial security,” he said. “As a former banker, I worked with lots of good people. But none can compare to my Express Credit Union teammates and the incredibly generous folks at other credit unions in Washington and across the U.S.”
“The credit union difference empowers communities, families, and all of us in many ways,” he continued. “The collaboration and freely shared knowledge among credit unions of all sizes benefits everyone. We learn, grow, and support our communities more effectively when we come together in pursuit of a shared goal. I’m fortunate for having had an opportunity to participate in this vital work and meet so many wonderful people, many of whom are now friends for life!”
Paul began his journey with Express Credit Union on the Board of Directors almost 15 years ago. In 2014, he transitioned from the board to senior leadership as CFO, followed by interim CEO. In 2017, Paul became CEO. Although his role has changed throughout the years, his commitment to the credit union and our members has been unwavering.
Under Paul’s leadership, Express Credit Union has grown from $11 million in assets to more than $22 million in assets today. During this time, it was able to obtain close to $5.5 million in CDFI (Community Development Financial Institutions) grants. These funds have allowed the credit union to lean into its mission by expanding the loan program to include products tailored to meet the unique needs of those it serves, including Employer Sponsored Small Dollar, DACA, and ITIN accessible loans. These products demonstrate his and the credit union’s commitment to “Economic Justice for All,” a vision deeply engrained in who he is.
“On behalf of the entire board, I thank Paul wholeheartedly for his leadership, passion, and commitment to Express Credit Union and our members. The legacy Paul leaves behind will forever serve as an example of the positive impact small credit unions can have on the community and people’s lives,” said Express Credit Union’s Board of Directors chair Sarah Slonsky.
Recruiting a New Leader
Express Credit Union’s Board of Directors has established a CEO Search Committee to oversee the process of choosing Paul’s successor. The recruiting efforts will begin in March, which includes starting a nationwide search that will consider internal and external applicants. The board will keep employees and members updated as the recruitment process is underway and there is information to share.
Slonsky said, “Express Credit Union plays a key role in the financial health of underserved populations in our communities and is committed to growing the credit union organically through its CDFI designation. The Board of Directors is committed to selecting a new leader that will accelerate our mission of collaborating with the community to create access to financial opportunity.”