INDIANAPOLIS–Indiana Members Credit Union has named a new CEO to succeed Ron Collier, who will be retiring at year-end after 37 years with IMCU.
The $3-billion credit union said it has selected John Newett to serve as CEO effective Jan. 1, 2023.
Newett is currently SVP-operations at Indiana Members and will now serve as the president of the credit union while Collier continues his service as CEO through Dec. 31.
Newett joined IMCU in 2011 as director of planning and administration and was promoted to Senior Vice President of Operations in 2016. Prior to joining IMCU, he served as the president and CEO at Harvester Financial Credit Union from 2000 to 2011 and as a principal examiner for NCUA from 1995 to 2000. Newett has more than 26 years of experience in the financial services industry.
‘Extremely Honored’
“I am extremely honored to have the opportunity to lead the IMCU team in this new role, and appreciate the confidence that our board has placed in me and our existing team,” said Newett. “I am very proud of our accomplishments thus far and would like to thank Ron for his leadership over the last four decades. I look forward leading IMCU’s efforts as we continue to strive to be the best financial institution for our members, and a top workplace and partner in the communities we serve.”
Newett is a Certified Public Accountant, a Chartered Global Management Accountant (CGMA), and has served in leadership roles for many professional and trade organizations, including serving as the board secretary to the Central Indiana Franciscan Health Foundation, as a member of NAFCU’s Legislative Committee, serving on the Audit and Finance Committee of the Indiana Credit Union League, serving as a Trustee of the Credit Union Consortium, and as a board member of the Hoosier Council of CUES.