HYATTSVILLE, MD – Library of Congress FCU has named a new president and CEO.
The $299.3-million credit union has selected Jennifer Hurst to lead the organization.
Hurst has more than 26 years’ experience in credit unions, and a “track record of growth, technological advancement, and a focus on creating a high-quality member experience,” Library of Congress FCU said.
Hurst most recently served as VP of projects and process management at the $4.2-billion Apple Federal Credit Union in Fairfax, Va., where she successfully managed credit union mergers, digital platform conversions and advancement, and strong asset growth through innovative process improvements, the credit union said.
Educational Background
Hurst holds an MBA and a master’s degree in information technology from Marymount University as well as an MA in professional and technical writing from George Mason University. She is a Certified Project Management Professional (PMP) and Certified Scrum Master (CSM) titles.
“The board is looking forward to welcoming Jennifer as the Library of Congress Federal Credit Union’s next president/CEO,” said Chairperson Rosalyn Coates. “With her demonstrated history of successful growth, operational management, and member satisfaction, she is certain to provide the strategic direction, leadership, and growth needed to help us continue to meet our goals.”
Library of Congress FCU has approximately 9,600 members.
GreenState CU CEO Jeff Disterhoft Retires; Interim CEO Named
Separately, in North Liberty, Iowa, CEO Jeff Disterhoft has retired from GreenState Credit Union and Todd Fanning has been named interim CEO.
Disterhoft had led GreenState CU since late 1999.
“After much discussion with our board, Jeff made the decision to retire and the board supported that decision,” GreenState Chief Marketing Officer Jim Kelly told Corridor Business.
During his tenure, Disterhoft oversaw growth to $11.2-billion in assets from $186 million, and membership to 447,519 members from 39,355. GreenState reported net income of $15.2 million at mid-year, with net worth of 10.25%.
High-Profile Name Change
In addition, in what was a high-profile issue in Iowa, Disterhoft oversaw a name change to GreenState CU from University of Iowa Community Credit Union in 2019 after the Iowa Board of Regents said it was concerned that there were misconceptions the university was affiliated with the credit union.
As CUToday.info earlier reported, Regent Larry McKibben, who has been the loudest voice among the Regents saying he had concerns over such confusion, did not disclose he is also part-owner of Farmers Savings Bank in Marshalltown, Iowa.
The governor signed a bill that barred credit unions from using public university names in the titles.
‘Privilege of My Career’
“It has been the privilege of my career to lead GreenState, and I am proud of all that this fantastic team has achieved in service of our communities and its members,” Disterhoft said in a prepared statement. “I look forward to seeing GreenState continue to succeed for decades to come.”
Fanning joined GreenState in 2012 as its CFO from Citizens First National Bank (CFNB) in Princeton, Ill., where he started in December 1990 as a controller. He also served as the bank’s CFO for 14 years and two years as its COO, according to the credit union.
Before CFNB, he worked as a controller for Bay Financial Savings Bank in Tampa, Fla.
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