GREEN BAY, Wis.–Two credit unions have named new leaders.
In Wisconsin, the $2.1-billion Capital Credit Union has selected Laurie Butz as its new president/CEO. Butz has previously served as senior VP with Community First Credit Union in Appleton, Wis. Butz is succeeding Tom Young, who will remain onboard until year-end to assist in the transition before retiring, the credit union said.
“We are excited to welcome Laurie to the Capital Credit Union family,” Board Chair Steve Frassetto said in a statement. “She will be a fantastic asset to the credit union, and her background and knowledge will be invaluable to the future growth of our organization.”
Added Butz, who has more than 35 years’ experience in financial services, “I’m looking forward to meeting the Capital Credit Union team, the members and the community at large in the coming months as we forge ahead in living out the organization’s mission. Serving our members, being stewards of the community, and being passionate about the credit union industry align with my focus on caring for employees and our friends, families and neighbors in Northeast Wisconsin.”
New CEO in Washington
In addition, in Redmond, Wash., Qualstar Credit Union said it has selected Michael Elfstrom as its new president and. Elfstrom succeeds Mark Nelson, who retired after 37 years with Qualstar.
Elfstrom has been with Qualstar since 1993, when he was hired as accounting supervisor. Since then, he has held several leadership positions, including chief financial officer and executive vice president.
“Improving our members’ financial lives and building their trust are core to what we do. I look forward to continuing to support our members and employees as Qualstar’s CEO,” said Elfstrom.