Kitsap Credit Union hires new CFO from Intellectual Ventures

Bremerton-based Kitsap Credit Union has hired Trevor Stuart as its new chief financial officer.

Stuart began his new role with the credit union Jan. 1 and will lead the finance, accounting, risk management and compliance departments, according to Kitsap. Prior to joining Kitsap, he spent 11 years at the Bellevue-based research and patent firm Intellectual Ventures.

“We are looking forward to Trevor bringing his finance and operations experience to our organization and partnering with our KCU Team to help profitably grow and expand our business,” Shawn Gilfedder, Kitsap Credit Union CEO, said in a news release.

Stuart's most recent role with Intellectual Ventures was chief financial officer of the firm's Invention Science Fund (ISF) and related funds. The ISF takes ideas born out of inventor brainstorm sessions and matches them with entrepreneurs to help turn the idea into a growing company. Intellectual Ventures has spun out a number of local startups, including the Bothell-based heat and power startup Modern Electron, the Redmond-based mobile antenna company Kymeta and the Kirkland-based 5G company Pivotal Commware.

In a release, Kitsap Credit Union said Stuart led the finances on any ISF fundraise of more than $100 million, and he was involved in the spinout of seven companies. Those seven companies have collectively raised over $650 million, according to Kitsap.

According to his LinkedIn profile, Stuart was also the director of private equity at Vulcan Capital Management for about a year starting in 2007. Before that, he spent about six years at Microsoft.

Kitsap Credit Union was founded in 1934 and has 16 branches. The credit union offers a range of personal and business financial services, including checking accounts, credit cards, home loans and auto loans.