Palmer, Alaska (OCTOBER 2024)- Matanuska Valley Federal Credit Union (MVFCU) has selected Chad Ritchie as the Credit Union’s new Chief Executive Officer. Ritchie will follow Ed Gravley, who has served as the organization’s CEO since 2018.

When asked about joining MVFCU, Ritchie stated, “I am honored to have been selected as the next President and CEO of MVFCU. I look forward to joining the current team and what we can accomplish together for the membership.”

Most recently, Chad served as Chief Information Officer at Ventura County Credit Union ($1.4 billion in assets) in California, where he spearheaded significant digital transformation initiatives and enhanced organizational capabilities. Before that, Chad spent five years as Chief Operating Officer and Chief Information at Solarity Credit Union in Washington, where he played a key role in growing the organization’s assets to $1.3 billion in assets under management. He holds a Master of Business Administration from Western Governors University.

“We are excited to welcome Chad to the Matanuska Valley family,” said Karen Foster, Board Chair. “His extensive experience in leading organizational growth and transformation is well-aligned with the Credit Union’s goals and vision for the future.”

About Matanuska Valley Federal Credit Union 

The Credit Union was chartered on December 7, 1948, when 20 members pooled a combined share balance of $395.00. Growth was slow at first, and all work was done by volunteers. However, through the perseverance and vision of many MVFCU pioneers, the Credit Union has grown and thrived. Today, MVFCU is one of the leading financial institutions in Alaska, with over 58,000 members and almost $935 million in assets. MVFCU serves members in Alaska and the Waipahu Neighborhood Board #22 of the City and County of Honolulu, Hawaii. In addition, MVFCU has expanded its charter to include all of Alaska, continuing the focus on serving the underserved. As a growing and expanding credit union, MVFCU actively supports the communities it serves, both financially and through employees volunteering hundreds of hours

annually at local events. Thanks to the many volunteers, our nearly 170 dedicated staff, and faithful members, MVFCU continues to see growth and success for its members and partnering communities.

For more information about MVFCU, please visit our website at www.mvfcu.coop.