BRITTON, S.D.–Credit unions in two states have announced new CEOs.
In South Dakota, Jane Duerre, CEO of Norstar Federal Credit Union has announced plans to retire effective May 31. Jay Kruse, chief advocacy officer for Dakota Credit Union Association has been named to succeed Duerre as CEO of the $68-million Norstar.
Since 2010, when Duerre returned to her home state of South Dakota from Arizona where she lived for more than 25 years, she has been leading the credit union, according to the DCUA.
“I have been fortunate to work with a staff that is was established and talented,” Duerre told the association.
She previously served as SVP with previous job was with the National Bank of Arizona, and prior to that, she had worked as a mortgage lender and as a branch manager for Wells Fargo.
The DCUA said that under Duerre’s leadership, Norstar FCU has been continually growing and prospering, in addition to doing more and more outreach in their community. Originally established as Britton Federal Credit Union in 1942, the credit union changed its name to Norstar Federal Credit Union in 2006. Their field of membership extends to the counties of Marshall, Day, and part of Brown in South Dakota, as well as Sargent County in North Dakota, the DCUA said.
Membership Doubles Population
“Even though they are located in a town with a population of about 1,200 people, the credit union has nearly 2,800 members,” the association noted.
Jane says she will miss the friendly atmosphere of the credit union network, as well as the many friends she has made over the years. “I have met so many other CEOs, volunteers, and people in the credit union industry that I consider dear friends,” she shared.
According to the DCUA, Duerre doesn’t intend to trade her life in rural South Dakota for anywhere else right now, except spending January through April in Arizona.
Meanwhile, in a statement, the Dakota Credit Union Association said it “is sad to lose such a quality credit union advocate and friend, we are also excited for this career opportunity for Jay, and sincerely wish him all the best.”
New CEO in California
In Gardena, Calif., the $1.554-billion Northrop Grumman FCU has named Mark Rabinowitz as its new president and CEO. Rabinowitz previously served as executive vice president and chief administrative officer with the 70,458-member credit union.
Rabinowitz replaces Matthew Herbert, who stepped down from the position March 31, after serving in the role since April 2016, according to a statement from the credit union.
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