Canvas hires former regulator for executive role

LONE TREE — Chris Myklebust, who stepped down last month from his role as Colorado Securities commissioner, has been hired to serve as Canvas Credit Union’s chief transformation officer.

Myklebust had previously served on Canvas’ board of directors, according to a credit union news release. In addition to his recent securities commissioner role, Myklebust’s resume includes tenures as the state’s banking commissioner, financial services commissioner and deputy executive director of the Colorado Department of Regulatory Agencies.

In his chief transformation officer role, Myklebust will have a “broad scope of responsibilities including leading risk, internal audit, advocacy and exploration for the credit union,” the release said. 

His first day with Canvas was Monday.

“We are in a war for talent. Our leaders are always out connecting and growing our networks to find the very best family members. Chris served on our board and his extensive experience with the Colorado Divisions of Banking and Financial Services provided great insight,” Canvas CEO Todd Marksberry said in a prepared statement. “Chris possesses a rare combination of vision and enthusiasm for big possibilities along with a razor-sharp focus on managing risk. I couldn’t be more thrilled to have him join our family,”

The credit union’s operations include local branches in Fort Collins, Loveland, Greeley, Windsor, Broomfield and Brighton. It has about 232,000 members and 529 employees. Canvas has nearly $2.6 billion in assets, according to the National Credit Union Administration.