Two Credit Unions Name New CEOs

Timothy Barthel

KENOSHA, Wis.–Two credit unions have named new chief executives.

The $88-million Southern Lakes Credit Union here has appointed Timothy Barthel as its new president/CEO. Barthel replaces Georgine Levine, who passed away unexpectedly in August 2016, after having served for more than 30 years with the credit union. Southern Lakes Credit Union serves Kenosha, Racine, Walworth, Rock, Milwaukee and Waukesha Counties in Wisconsin and Lake and McHenry Counties in Illinois. 

“Tim is an exceptional leader. His track record in the Credit Union industry has been extraordinary,” said SLCU Chairperson Helen Schumacher said.  “Tim was chosen in a competitive selection process from a strong field of candidates.  He is known for his collaborative leadership style and for building high performance teams. Tim has a thorough understanding of the needs of our credit union and I have no doubt that he is the right person to lead Southern Lakes Credit Union.”  

A 1999 graduate of Concordia University Wisconsin, Barthel was most recently with Community First Credit Union in Appleton, Wis., as VP-branch operations. In his 15 years in credit unions he has served in a cross section of roles, and has also been VP-member services with Capital Credit Union in Kimberly, Wis.; AVP with CoVantage Credit Union in Shawano, Wis.; and held positions with Idaho Central Credit Union in Pocatello, Idaho.

“I am honored to have the opportunity to lead our remarkable credit union into the future,” says Barthel. “One of our strengths is our team, and I look forward to working with them to sustain our excellent track record of serving our member’s needs.” 

Southern Lakes Credit Union was founded in 1935, as Kenosha Teachers Credit Union, and changed its name in 1982 to Southern Lakes Credit Union.

Meanwhile, in Fairfax, Va., Andrew C. Grimm has been named as the new president/CEO of the Apple Federal Credit Union. He succeeds current president/CEO Larry Kelly who retires at the end of this month.

Kelly hired Grimm in 1995 as the credit union’s first strategic planning manager. In 1999, he was promoted to vice president of finance and in 2004 was named chief operating officer.

During his career at Apple FCU, which began in 1995, Kelly oversaw growth from $230 million in assets to $2.3 billion.

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