Amy Nelson has been named President & Chief Executive Officer of Point West Credit Union. Amy, who previously served as the credit union’s Chief Operating Officer and co-CEO, steps into the position with the departure of Nick Hodson, Chief Financial Officer and fellow co-CEO. Nick will be the new Finance Leader at Rivermark Community Credit Union.

“We will greatly miss Nick, an integral member of our Point West family, but this is not goodbye. We wish him every success at Rivermark, and our credit union community will continue to benefit from his leadership,” said Amy.

Nelson will continue to lead a credit union which continues to experience positive transformation and restoration since 2010, when Point West implemented a net worth restoration plan to shore up its finances after the worst financial recession since the Great Depression. Under shared leadership, the credit union completed its net worth restoration plan in July 2013, two years ahead of schedule.

“Amy has a proven track record at Point West as a fantastic leader with the skills and experience necessary to lead Point West confidently into the future,” said John Savory, Chairman of the Board at Point West. “The board truly believes the best is yet to come for Point West and its members. We wish Nick good luck in his new position and thank him for his critical contributions to sustaining and strengthening the credit union.”

Since completing its net worth restoration plan, Point West has received its Low Income Designation from the NCUA and as of April 2014, successfully transitioned to a community charter, serving Multnomah, Clackamas, Washington and Yamhill County.