AltaOne Federal Credit Union President/CEO Announces Planned Retirement

RIDGECREST, CALIFORNIA – (February 1, 2017) Robert “Bob” Boland has announced that after almost 39 years with AltaOne Federal Credit Union (AltaOne), he intends to retire at the end of 2017.
When Mr. Boland first became CEO of the credit union in 1992, it was $180 million in assets and had about 23,000 members. Today, the credit union has more than $640 million in assets and 54,000 members.
“Bob’s dedication to the credit union, our membership, and the community has been vital to AltaOne’s continued success,” said David Ostash, Chairperson of the AltaOne Board of Directors. “While we will miss Bob greatly, we wish him the very best and are grateful for the substantial contribution he has made over the years.”
Mr. Boland was instrumental in the credit union’s field of membership charter expansion to all of Kern, Inyo and Mono Counties as well as modernizing the credit union’s name. He guided the growth of the credit union with 6 new branch locations. Mr. Boland also oversaw the project to double the corporate office space in 2003. Mr. Boland received the Kern Council of Governments Individual Distinguished Leadership Award for his executive leadership of the credit union through the Great Recession of 2007 to 2009.
When asked about his planned retirement, Mr. Boland stated, “The AltaOne Team has become like family to me over the last 38 years. It will be hard to leave, as I’ve developed many meaningful relationships with the AltaOne Membership and within the credit union community, but I am very thankful for my time here and I look forward to spending more time with my wife and family and to being a full-time grandpa.”
In light of Mr. Boland’s planned retirement, AltaOne has enlisted D. Hilton Associates’ Executive Recruiting Services to assist in the search for a new President/CEO.

About AltaOne Federal Credit Union
AltaOne Federal Credit Union was founded as the Naval Ordnance Test Station Federal Credit Union in 1947 in Ridgecrest, CA. Historic ties to the military will always be a part of the legacy and great source of pride. AltaOne is entirely member-owned and returns retained earnings back to its membership in the form of competitive loan rates and deposit-shares dividends, low or no service fees, and continuously improving member-centric services. It provides talented and knowledgeable Staff to its members to ensure that AltaOne is ranked the best credit union. AltaOne works diligently to provide convenient Member Services Centers in neighborhoods and the surrounding rural communities. Creating a safe and sound financial cooperative for future member-owners, continuing to grow with the latest technology developments, while providing superb member and employee satisfaction is AltaOne’s goal. AltaOne aims to do what is best for each member, in every business decision, to help the member “Reach New Heights”.

About D. Hilton Associates
D. Hilton Associates, Inc. is one of the most recognized credit union consulting firms in the country. Our major practice areas are Executive Recruiting, Compensation Services, Retention & Retirement, Strategic Services, and Board Leadership. To date, D. Hilton has conducted over 3,000 successful searches for credit unions nationwide and has been employed by 95% of the largest credit unions in the country to fill senior executive management positions. For more information, please visit our website at



Wednesday February 1, 2017

Share This News


Sign up to receive the latest news from D. Hilton