LOS ANGELES–The CEOs of credit unions in California and Ohio have announced their retirements, with successors named at both CUs.
Mark Herter, who has led the $914-million Farmers Insurance FCU for 22 years, said he will step down on Jan. 1, 2019. He will be succeeded by Laura Campbell.
Herter joined FIFCU in 1985 as executive vice president and moved into the CEO’s job 11 years later. He oversaw growth to its current asset size from $230 million, and membership growth to 51,000 from 27,000.
"I've enjoyed every single day, and take great pride in what we've accomplished together,” said Herter. “I will miss the members and the staff terribly, but am delighted to say goodbye to my four-hour round-trip commute."
Campbell has been with the credit union for more than 20 years, having held the president title for the past four years.
Herter said he will transition his leadership role to Campbell in early August, remaining a board advisor until his retirement in early January.
New CEO At Ohio Healthcare
Separately, in Dublin, Ohio, Bill Butler of Ohio HealthCare Federal Credit Union said he will retire as president/CEO in June 2020. Christy O’Connell, who currently serves as the credit union’s COO and executive vice president, has been named as his successor.
"The board of directors is honored to have Christy O’Connell assume the distinguished role of Ohio HealthCare FCU president and CEO," said Chuck Smith, long time board member, in a statement. "Her major contributions to credit unions over three decades and exemplary leadership make her an outstanding choice."
O’Connell began her career with Ohio HealthCare FCU in 2004 as the CFO. She has been an integral part of the senior management team for more than 13 years, helping the CU grow from a $25 million financial institution to its current $85 million in assets.
“Our board has made an excellent choice in naming Christy as our future leader,” said Butler. “I know firsthand her dedication to our members, the board, and the staff. She is the consummate credit union professional. I have been incredibly fortunate to have worked with Christy all these years.”