Valley Strong Credit Union names next President/CEO
August 15, 2020
Valley Strong Credit Union has named Nicholas Ambrosini as their next president/CEO, succeeding longtime chief Stephen P. Renock, IV, effective July 1, 2021.
Ambrosini has a long history with the credit union, dating back to 2007. His past roles include Executive Vice President/CFO, Vice President of Finance, Director of Financial Planning and Manager of Internal Audit & Risk Management.
“I deeply appreciate the Board’s confidence in me and look forward to working with them to build a brighter future for our organization,” Ambrosini said. “My thanks to Mr. Renock who through the years has been my mentor and friend, as well as my biggest supporter.”
Renock, who has held the top job since 2009, will retire on June 30, 2021. His illustrious career has spanned nearly five decades, holding executive positions at a handful of financial institutions. Prior to joining Valley Strong, he served as Executive Vice President of SchoolsFirst Federal Credit Union in Orange County, Calif. Other past positions have included president at OCTFCU Mortgage Company and president/CEO at CUNA Mutual Mortgage Corporation.
“It has been a privilege and honor to lead this organization,” Renock said. “I’m confident we will continue our tradition of helping people and communities prosper, thanks to our strong, capable leadership in place, as well as our team, that will guide the credit union during these particularly challenging times.”
Larry Reider, chairman of the Board of Directors at Valley Strong, praised Renock for his years of dedication and service.
“On behalf of the Board, we want to thank Steve for his effective leadership and mentorship,” Reider said. “His efforts have positioned the credit union to continue its path of success for the foreseeable future.”
About Valley Strong Credit Union
Valley Strong Credit Union operates 10 branches, serving more than 150,000 Members, with more than $2 billion in assets. It remains the largest financial institution headquartered in Kern County.