The board of directors of Ogden-based Goldenwest Credit Union has named David G. Butterfield, the company’s current executive vice president, to become its next president and CEO.
The leadership change will be effective July 1 with the retirement of Kerry Wahlen, current president and CEO.
“We are confident that David is well prepared to lead the credit union and advance Goldenwest’s strategic goals for years to come,” said Dan Musgrave, Goldenwest board chairman. “As a board, we are excited to welcome him into his new role as president and CEO. Over the next several months, Goldenwest will transition the president and CEO responsibilities from Kerry Wahlen to Butterfield. We fully anticipate a seamless changeover when David assumes the role in July.”
Wahlen’s retirement comes after nearly four decades at Goldenwest. Earlier this year, he announced his intended retirement for June 30.
“We are most grateful to Kerry for his professional and personal dedication to Goldenwest,” said Musgrave. “All those who associate with Kerry know that Goldenwest is part of his DNA. His leadership has made Goldenwest one of the best-managed and most successful credit unions in the nation.”
Under Wahlen’s leadership, credit union assets have expanded from $775 million to nearly $4 billion; membership has grown from 83,000 to more than 206,000; and the branch network increased from 18 offices to more than 55 locations across Utah and Idaho. He founded the Goldenwest Insurance Services division and led mergers with USU Credit Union, Healthcare Credit Union and Ascent Credit Union.
Butterfield brings 21 years of credit union leadership experience to the CEO role. Prior to the merger with Goldenwest, he served as president and CEO of USU Credit Union. Since joining Goldenwest’s executive leadership team in 2013, he has led key operational areas, including the USU Credit Union division, consumer and real estate lending, branching, business services, financial wellness and asset recovery. He holds an MBA from Brigham Young University’s Marriott School of Management and a BS degree from Utah State University.
“I wish to thank the board of directors for their trust and support, Kerry Wahlen for his mentorship and leadership, and our members for their loyalty,” said Butterfield. “Goldenwest is incredibly well positioned for a strong and bright future. I look forward to working with our talented and capable team to advance our mission and deliver exceptional value to our members for years to come.”