Forrit Credit Union Announces Wendy Russell as Interim CEO

Posted by Alyse Knudsen on October 27, 2025

Ore.-based Forrit Credit Union has announced that Justin Olson will be stepping down from the role of Chief Executive Officer/President, effective Oct. 31, 2025. The Board of Directors has appointed Wendy Russell, Director of Finance, as interim CEO while a comprehensive search is conducted for a permanent CEO.

Russell brings deep financial and operational expertise to this role, with over 30 years of experience in finance and more than 12 years in a leadership role. She will leverage her strong background in risk management and internal control to help guide Forrit Credit Union through this transitional phase, working closely with the leadership team to ensure a smooth transition and sustained operations.

“We are grateful for Justin Olson’s leadership and contributions to the credit union over the past 5 years,” said Lorene Bay, Chairman of the Board. “We are confident in Wendy Russell’s ability to lead the credit union with stability and focus. Her deep understanding of the credit union’s strategic priorities makes her well-positioned to guide the organization during this transition.”

The Board remains confident in the credit union’s strategic direction and operational capabilities. Forrit Credit Union will continue to operate as usual, maintaining its commitment to member-owners during this transition period.

The Board is actively working with an executive search firm to identify a permanent CEO who will lead Forrit Credit Union into its next phase of growth and innovation.

Posted in Leadership, Oregon, Regional Member News.