Oregon State Credit Union announced last week that industry veteran Derrick Peterson has joined its team as executive vice president and chief financial officer.

Derrick Peterson (Photo provided by Oregon State Credit Union)

Peterson comes to OSCU with more than 25 years of experience in the credit union industry, including 10 as chief financial officer for Deseret First Federal Credit Union in Utah.

“Derrick is going to be a tremendous addition to Oregon State Credit Union,” OSCU President/CEO Richard Hein said in a press release. “He has deep roots in the credit union culture, and he shares our passion to providing unsurpassed service to member-owners. We are very excited and fortunate to welcome him to our credit union team.”

As CFO, Peterson will lead, organize, plan and control the Financial Operations Division and Payment Systems at OCSU, which will include preparing the credit union budget, leading the development of the credit union’s annual plan and financial projections. He will also direct the design and implementation of accounting, investments and asset liability management, and have other management responsibilities.

Peterson’s career includes stops in various management positions at credit unions in Utah, Colorado and Texas.