Kelly Schrader has been selected as iQ Credit Union’s new president and chief executive officer. She will assume the new role on June 1.
According to a press release, Schrader was selected after a national search by the board of directors. The position attracted candidates from banks and credit unions globally. With 67,000 members and $860 million in assets, iQ is the second largest credit union in the Vancouver area.
“iQ Credit Union works diligently to make members’ lives more manageable and give them the tools to improve their financial well-being,” Schrader said. “As iQ’s new CEO, I’m passionate about continuing that forward progress as well as ensuring the safety and security members have come to expect. It’s an incredibly unique opportunity to lead a credit union that has had solid growth and performance and is ready for its next chapter of the lasting legacy it is creating.”
Schrader succeeds Roger Michaelis, who will retire from iQ Credit Union in June after 31 years with the company. Michaelis delayed retirement for two years to complete the merger with Lacamas Community Credit Union.
“I can think of no one better to lead iQ Credit Union into the future,” said Michaelis.
Schrader comes to iQ Credit Union from OnPoint Community Credit Union, most recently as senior vice president/chief operations and risk officer.
She has 26 years of credit union experience with a leadership background in all aspects ranging from consumer, business and residential lending to operations, member services and marketing.
“Kelly Schrader is the right person to continue the growth and progress that the credit union has experienced under Roger’s leadership,” said iQ Board Chairman Jim Sork. “She will guide innovation to enhance service, safety and convenience.”
Schrader has experience growing a credit union while balancing a personal commitment of involvement within the community. She is currently active on the board for the Doernbecher Children’s Hospital Foundation, and is a OHSU/Doernbecher joint finance and audit committee member. She also volunteers to read with grade school children through the Start Making a Reader Today program.