February 22, 2024
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Geri LaChance, SESLOC CEO, retiring in June

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Geri LaChance, president and CEO of the SESLOC Federal Credit Union for 12 years, is retiring effective June 2024, the San Luis Obispo-based nonprofit announced Jan. 10.

SESLOC CFO Mike Quamma, left, is replacing long-time president and CEO Geri LaChance in June.

She will be succeeded by Mike Quamma, the organization’s executive vice president and CFO.

SESLOC Board Chair Tom Lebens praised LaChance’s tenure.

“It’s hard to aptly summarize the legacy Geri will leave at SESLOC after 12 years at the helm of the credit union,” he said in a press release. “She will leave SESLOC well-positioned for the future thanks to the myriad of changes she has championed.”

During LaChance’s time as president and CEO, the credit union grew to over $1.2 billion in assets and garnered frequent, regular recognition and accolades from the community and the credit union industry. She led SESLOC’s technology infrastructure which includes robust systems and a keen focus on digital technologies that enhance the ease of doing business with the credit union, Lebens said.

Additionally, LaChance championed the construction of SESLOC’s new headquarters which opened in 2014, as well as getting SESLOC back on the Cal Poly campus.

Lebens also credited LaChance’s political advocacy, both statewide and nationally, which he said has helped to protect the important role that credit unions play in people’s lives.

“But equally important is the indelible stamp she has made on the workplace at SESLOC,” he said. “Great company culture is no accident. Geri has set the tone and expectation at the top that SESLOC must be, above all, a great place to work.”

Lebens said the credit union’s board is confident that Quamma, who has been with SESLOC since March 2020, will be a worthy successor to LaChance. Quamma has nearly 30 years of experience in the credit union sector, including senior positions at the Seattle Credit Union and the Boeing Employees Credit Union.

“(Quamma) has been instrumental in ensuring the financial stability and resilience of our credit union during the challenging times of the pandemic and its aftermath,” Lebens said.