WINSTON-SALEM, N.C.–Truliant FCU has named Chief Operating Officer Todd Hall as its new president, replacing Marc Schaefer in the role. Schaefer remains the credit union’s CEO.
The appointment of Hall as president is part of Truliant’s succession plan for when Schaefer steps down from the lead executive position, according to the Triad Business Journal, which said there are no immediate plans for Schaefer.
“Todd is the right person to lead us into the future, and we are delighted to have him assume the position of president,” the Triad Business Journal quoted Board Chairman Greg Thrush as saying. “Under his able guidance, the credit union will not only uphold our promise to always have our members’ best interest at heart and our mission to improve more member lives, but also continue to strengthen the financial foundation for decades to come.”
The $2.2-billion Truliant FCU has 223,000 members.
Meanwhile, in Linthicum, Md., Rod Staatz, president of the $3.3-billion State Employees Credit Union here, has announced plans to retire at the end of 2018. SECU is the largest CU in the state and has more than 250,000 members.
“Under Rod’s leadership, SECU is very well-positioned to continue serving Marylanders into the future,” said Board Chair Gayle Seward in a statement. “We are looking for the next leader who can build upon Rod’s many successes and work as effectively in our highly collaborative environment.”
The board said it has launched a search for a successor for Staatz, who is the past chairman of CUNA.