Chris Damschroder
Vice President - Consumer Deposits @Golden 1 Credit Union
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WORK HISTORY
Vice President - Consumer Deposits @Golden 1 Credit Union
Sacramento, CA, US
Lead product strategy and P&L for consumer deposit portfolio, overseeing $18B in balances across savings, checking, and certificates.Delivered 5% deposit growth in 2024 and are pacing 10% in 2025, driving $2B+ in aggregate balance growth.Designed and launched Growth Savings and Easy Checking, expanding market reach and strengthening member engagement.Implemented a CD Retention Program that preserved $28M in balances within weeks of launch.Developed a standardized CD ladder, simplifying choice and aligning with industry peers.Advanced member fairness and competitiveness by modernizing early withdrawal penalties and repricing Youth Savings.Piloted a workplace banking program with local employers, expanding distribution channels and deepening direct deposit relationships.Partnered across Operations, Marketing, Retail, and Technology to deliver timely execution and stronger member value.
SKILLS
ABOUT CHRIS DAMSCHRODER
Strategic executive with 15+ years of leadership in credit unions, driving growth, innovation, and member value across consumer deposits and lending. Proven record of delivering measurable financial results while advancing the mission of improving members’ financial well-being.Growth Leadership: Directed deposit and lending portfolios that delivered over $2B in deposit growth in just two years, scaling balances through innovative savings, checking, and certificate strategies. Previously grew auto lending originations by 50% to $2B annually, launched California’s #1 RV lending program, and built a third-party personal loan purchasing partnership.Business & Product Transformation: Modernized legacy offerings by introducing Growth Savings, Easy Checking, and a CD Retention Program that preserved hundreds of millions in member balances. Simplified 57+ CD terms into a clear ladder, repriced Youth Savings for competitiveness, and piloted a workplace banking program to expand distribution.Operational Excellence: Partnered across Operations, Retail, Marketing, and Technology to deliver execution at scale. Built and mentored high-performing teams, aligning product innovation with member fairness, risk management, and financial sustainability.Member Value & Mission Alignment: Throughout my career, I have balanced financial strength with member benefit — designing products that grow balances while helping members save more, borrow wisely, and achieve long-term financial success.Proven track record of scaling credit unions through strategic planning, innovation, and member-centric growth initiatives.
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