Mike Maslak has served as CEO of North Island Credit Union since he came to San Diego in 1987. During his tenure, North Island's assets have grown from $300 million to more than $1.5 billion, with more than 17 branches throughout San Diego, Orange and Riverside counties.
"(2007) was a great year for the Island," Maslak said, commenting on the credit union's growth and expansion. North Island broke ground on its new six-story, 130,000-square-foot headquarters in Kearny Mesa. The building was designed to incorporate "island-inspired" elements and is scheduled to open in 2008.
In May 2007 Maslak was presented with an American flag that had been flown over the U.S. Capitol building, from Congressman Bob Filner and the Chula Vista Veterans Home Foundation, for his many years of service to veterans of California. Maslak, who served during the Vietnam War for the U.S. Air Force, said helping veterans has always been a cause he has championed.
Like many credit unions, Maslak and North Island steered clear of the troubles caused by lending and investments in subprime mortgages in 2007, which broke a number of lenders and resulted in the firing of several of the heads of Wall Street banks due to deep losses.
Maslak said one of the most trying moments of the year occurred on the Monday following the outbreak of the wildfires that enveloped the county in October. The company had been preparing and practicing a business continuity plan in the event of a disaster, Maslak said.
"We've been gearing up for that because we are mandated by our regulators ... and low and behold we had an actual crisis to deal with and our plan did work," he said.
Maslak has served as a board member on the Chula Vista Chamber of Commerce, the San Diego Regional Chamber of Commerce and the Chula Vista Veteran's Home. He currently serves on the board of Corozon de Vida, which raises funds for orphans in Baja California. In 2005, Maslak was awarded the Boys and Girls Club Golden Achievement Award for service to the community.
In the banking community, Maslak has held numerous roles, including serving as a member of the Government Relations Committees for both the California Credit Union League and National Association of Federal Credit Unions, on the California Credit Union League board of directors and as Credit Union National Association national director.