Vancity today announced today that Dave Mowat, CEO, will be leaving the credit union on June 8.

Having served Vancity as CEO since 2000, Mowat has accepted the position of president and CEO of ATB Financial, a full service financial institution based in Edmonton.

“Dave has made a tremendous contribution and provided impressive leadership over the past seven years,” said Elain Duvall, chairwoman of Vancity.

During Mowat’s tenure, Vancity’s assets have grown to more than $12 billion, it has provided record payouts — nearly $14 million in 2006 — to members and community through its Shared Success program, and continues to be named one of Canada’s best places to work.

Mowat will remain CEO of Vancity until June, and will work with the board of directors and Vancity’s leadership team to ensure a smooth transition. An executive search is underway.

“I’m excited about the opportunities at ATB Financial,” said Mowat. “ATB Financial has had a long history in Alberta, and with the province’s thriving economy, the potential for growth is tremendous.”

“David Mowat is an excellent fit for ATB Financial,” said Bob Splane, chairman of the board for ATB Financial. “We are impressed not only with his extensive experience as a CEO in the financial services industry but also with his strong community connections and commitment to creating a positive working environment.”

Vancity is Canada’s largest credit union, with $12.3 billion in assets, more than 354,000 members, and 50 branches throughout Greater Vancouver, the Fraser Valley, Victoria and Squamish.

ATB Financial is the largest Alberta-based financial institution, providing Personal and Business Financial Services, Investor Services, and Corporate Financial Services to about 600,000 Albertans.