We’re powerful when we work together.
About Us
We’re a grassroots financial co-op driven by the belief that together, we can have a bigger impact on our financial well-being, our neighborhoods, and our environment.
Since 1948, we’ve worked to eliminate financial obstacles and help everyday visionaries realize their potential. This drive has led us to take on new challenges—like becoming a national leader in banking services for the cannabis industry or making solar power affordable for over 5,200 households and businesses in 2022.
Since we’re member-owned, our profits go back to you and your neighbors in the form of fewer fees, lower rates, and charitable giving that directly impacts your community. If you are looking for a way to make your everyday banking make a difference every day, we welcome you to join us.
Our Name
The Salal plant is a tenacious and adaptable evergreen that thrives in challenging conditions. For thousands of years, Salal has been used by the indigenous people of the Pacific Northwest, both for nourishment and for healing.
We gratefully acknowledge that our headquarters building and branch locations rest on the traditional land of the Coastal Salish people, including the Duwamish, Muckleshoot, and Tulalip tribes.
Leadership
Russell Rosendal
PRESIDENT AND CHIEF EXECUTIVE
Russell first served Salal as Chief Financial Officer from 2008 until being selected to fill the CEO role in 2012. A proven strategic, high-integrity, energetic leader, Russell is a passionate advocate of the credit union and its members. Before coming to Salal, Russell was the Vice President of the Finance, Planning and Analysis Group/Home Loans for Washington Mutual. Prior to Washington Mutual, Russell was Executive Vice President/Chief Financial Officer and Corporate Secretary at Foundation Bank in Bellevue and Executive Vice President/Chief Financial Officer and Corporate Secretary at Cascade Bank in Everett.
Russell earned a master of business administration from City University in Seattle and a bachelor of arts in economics from the University of Washington. He lives in Kirkland with his family.
Randy Cloes
CMA, SENIOR VICE PRESIDENT, CHIEF FINANCIAL OFFICER
Randy’s banking experience includes finance, lending, and operational functions. Prior to joining Salal, Randy was Chief Financial Officer for a local community bank and previously spent six years working as the controller for a commercial bank in Bellevue. Randy also worked as a commercial loan officer before shifting his focus to accounting. Randy obtained his certification in management accounting in 2000 and graduated from Western Washington University in business and finance.
Judy Loveless-Morris
SENIOR VICE PRESIDENT, CHIEF DIVERSITY AND PEOPLE OFFICER
Judy has a proven record of using inquiry to drive changes in institutional practice and culture. Prior to joining Salal, she served as the Vice President for Equity, Diversity, and Inclusion (EDI) at Tacoma Community College. In that role, it was her responsibility to work across the organization to optimize organizational culture, align the organization’s EDI goals with business outcomes, and to respond to external changes or policies that affected the organization. Judy knows that she is accountable for representing and supporting employees and members that deserve a voice, a safe place to work and bank, and recognition for the assets they bring to our organization.
Skott Pope
SENIOR VICE PRESIDENT, CHIEF DIGITAL AND STRATEGY OFFICER
Skott’s skill at building and leading effective sales teams is based on a deep understanding of members’ needs and wants. He has a proven track record of creating staff training and professional development programs to help staff be the best service providers possible. Skott focuses on education, believing only a knowledgeable employee is equipped to handle the needs of a diverse membership. Before Salal, Skott served as Senior Manager of Member Solutions at BECU and AVP of Corporate Communications for Washington Mutual.
Robert Schweigert
SENIOR VICE PRESIDENT, CHIEF LENDING OFFICER
Bob leads our business services, lending, and member solutions teams. A graduate of the University of Oregon with a bachelor’s degree in business administration, Bob is skilled in managing profitable lending business units and designing and implementing new products and services. Bob came to Salal from Wells Fargo, where he was a Vice President – Senior Private Banker. Prior to Wells Fargo, Bob was Vice President of Lending at 1st Security Bank of Washington. An avid golfer and cyclist, Bob can be found enjoying his rare free, sunny days on the links or on the trails.
Board of Directors
Brian Luong
Alan Lederman
Catherine Bailey
Secretary
Chad Cheney
Nishat Akhter
Quynh-Anh Nguyen
Karen Schartman
Joe LePla
Emeritus Board Member
Past Reports: 2022 Annual Report > | 2021 Annual Report >
