MADISON, Wis.–Wisconsin Department of Financial Institutions (DFI) Secretary-designee Cheryll Olson-Collins has named Thomas E. Theune, a 39-year veteran of the credit union community, to lead the Office of Credit Unions as its director.
Theune fills the vacancy left by the former director Kim Santos, who retired in October 2022.
Theune has served the Office of Credit Unions since January 2014, first, as its deputy director and later as its acting director following Santos’ retirement late last year.
Theune also served as president and CEO of Electrical Federal Credit Union in Arvada, Colo., from 2008-2013. Prior to that, he held a variety of leadership positions, including CEO at Jeffco Credit Union in Lakewood, Colo.
In addition, he served on the board of the Pikes Peak and Denver Chapter of Credit Unions and on the board of directors of Tri-CUE, a Denver-based CUSO specializing in IT services. Theune has an extensive background in IT security, asset/liability management, and lending and compliance, the DFI said.
‘Extensive Experience’
“I’m pleased to have Tom join our leadership team with his extensive leadership experience and commitment to serving the people of Wisconsin,” said DFI Secretary-designee Olson-Collins. “Tom has dedicated his career to credit unions and ensuring a safe, sound, and robust credit union system. He brings a wealth of knowledge to the position that will be very beneficial to our operation, and I’m confident he will do a great job leading the Office of Credit Unions.”
According to the department, as the director, Theune will lead a staff of 20 employees and oversee all activities for the Office of Credit Unions, which regulates state-chartered credit unions and is dedicated to ensuring the safety and soundness of those institutions while fostering their development through a progressive regulatory environment.
Theune, a native of Sheboygan, attended the University of Wisconsin-Milwaukee before moving to Colorado in 1983. While living in Colorado, he also attended Regis University in Denver. Theune currently resides in Fitchburg and is married with two children, the department said.
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