GREENSBORO, N.C.–David Brehmer, the president and CEO of Vizo Financial Corporate Credit Union, has announced plans to retire on Jan. 5, 2024, after 44 years in credit unions, 29 of which have been with the corporate.
The board of directors has named Fred Eisel, Vizo Financial’s current chief investment officer, to succeed Brehmer. Eisel has worked in the corporate credit union system for almost 30 years, the last 22 years as part of Brehmer’s executive team at the corporate.
“Serving credit unions in my role as president/CEO of Vizo Financial has been a great honor and the pinnacle of my long career,” said Brehmer. “While I remain energized by the work we do in serving credit unions and particularly any time I get to spend with credit unions, this appears to be an excellent time to allow new leadership to continue the progress we have made since forming Vizo Financial in 2016 when we set out to make a stronger, more financially secure corporate credit union.”
‘Full Payback’ Made
Vizo Financial, which was created in 2016 with the merger of Mid-Atlantic Corporate FCU and First Carolina Corporate CU, said that since that time, Brehmer has led Vizo Financial (alongside former CEO Jay Murray until 2021) to “achieve a full payback of member credit unions that lost capital with the corporate during the Great Recession, reach a position of solid financial strength, form an award-winning workplace culture and embody the guiding credit union principles of cooperation among cooperatives, concern for community and diversity, equity and inclusion.”
‘Utmost Confidence’
“I have the utmost confidence in Fred’s abilities to continue to improve the organization’s value to the membership as he inherits an exceptional leadership team and an experienced, knowledgeable and highly engaged workforce,” Brehmer said. “I look forward to working with credit unions throughout 2023, as I finish out my tenure as president and CEO of Vizo Financial,” said Brehmer. “I cannot thank everyone enough for the support and friendships I have developed over the years. And, as my brother always said when closing out his radio show, ‘Take nothing for granted, it’s great to be alive!’”
Vizo Financial Corporate serves CUSOs, leagues, chapters and more than 1,100 credit unions in the U.S. and Canada.
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