30-year-old financial services executive with extensive experience in transformation, product innovation and consumer needs to lead the nation’s largest community credit union
SEATTLE (November 10, 2022) – BECU, the nation’s largest community credit union with more than 1.3 million members and $30.2 billion in assets, today announced the selection of Beverly Anderson as the next President and Chief Executive Officer (CEO).
“From our first introduction, Bev understood what makes BECU special and embraced our focus on financial wellness. I’m confident she will ensure the credit union delivers on our promise and value to our members. and our employees, as well as our commitment to the communities we serve,” said Debra Somberg, Chair of BECU’s Board of Directors. “With decades of proven financial services experience, she has a reputation for executing successfully innovative strategies in support of short- and long-term business goals and leading with a potent blend of courage and clarity of purpose.”
Anderson brings more than three decades of experience in the financial services, payments and technology industries to lead BECU, one of the nation’s four major credit unions. She currently serves on the board of directors of Expedia Group, Accion and Sword Health, and previously held leadership positions at Equifax, Wells Fargo and American Express. His experience includes initiating and leading change, driving results, building brands and innovating on value propositions, including financial health, in a rapidly changing financial services industry.
“I am humbled and honored to lead the BECU team. BECU is unabashed in its dedication to its members and the communities it serves. Its focus aligns with my core passion for financial well-being,” Anderson said. . “Credit unions have been and will continue to be trusted institutions, and they are essential in providing education, products and services that improve the lives of members and the communities they serve. I look forward to stay true to the heart of BECU and innovate to expand its reach and impact.
Anderson’s accolades include Black Enterprise’s “Most Powerful Women in American Business”, CardLinx’s “Top 20 Women in Digital Commerce”, and the Kenneth A. Powell Award for Professional Achievement from Harvard Business School African- American Alumni Association. She graduated summa cum laude with a Bachelor of Science in Business from Florida A&M University and earned her Masters of Business Administration with honors from Harvard Business School.
She will take office as President and CEO of BECU on December 5, 2022. She replaces Benson Porter, who successfully led the credit union for 10 years and announced his retirement in June. When Anderson starts, Porter will become CEO Emeritus, supporting her onboarding through the end of the year.
As a member-owned, not-for-profit financial cooperative, BECU is guided by the credit union philosophy that “people help people”. Founded more than 85 years ago, the credit union has grown to include members from across Washington State, western Oregon and northern Idaho, as well as members from partner associations.
With more than 1.3 million members and $30.2 billion in assets, BECU is Washington’s largest nonprofit credit union and one of the top four financial cooperatives in the country. As a member-owned credit union, BECU is focused on improving the financial well-being of its members and communities through better rates, lower fees, community partnerships and financial education. The credit union currently operates more than 50 locations in Washington and two financial centers in South Carolina. For more information, visit www.becu.org.