Trade association leader of credit unions to step down
Jim Nussle, a long-standing advocate for credit unions, has announced his retirement from his role as CEO of America's Credit Unions. Nussle, who has been at the helm of the organisation for over a decade, has made significant contributions to the credit union movement.
Nussle served eight terms in the House of Representatives as a Republican from Iowa, starting in 1991. He later went on to serve as the CEO of CUNA (Credit Union National Association) in September 2014 before the formation of America's Credit Union, which took place on January 1, 2024. Nussle was instrumental in the creation of America's Credit Union, and he has been a vocal supporter of the organisation ever since.
Nussle has referred to credit unions as "financial first responders" in every community, providing essential financial services to police officers, firefighters, paramedics, and other emergency response professionals. These financial first responders are supported by targeted financial services such as first responder home loan programs, financial planning services tailored to first responders, and specialized pension funds and retirement benefits.
In a statement, Nussle expressed his gratitude for the opportunity to serve credit unions, calling it a deep personal privilege. He emphasized the importance of credit unions in advancing communities, including those that banks have abandoned. Nussle intends to pursue new interests in retirement.
The America's Credit Union board of directors has stated that they want to conduct a thorough search for the next CEO. Management consultant firm Korn Ferry will assist the committee in this endeavour. Pat Pierce, CEO of St. Paul, Minnesota-based City and County Credit Union, is the chair of the America's Credit Unions board of directors. Karen Harbin, Vice Chair and CEO of Commonwealth Credit Union, will lead the search committee and selection process.
Throughout his 40-year career in advocacy, public service, business, and law, Nussle has made a significant impact on the credit union movement. His retirement marks the end of an era, but his legacy will continue to shape the future of credit unions in the United States.
[1] Financial First Responders: Supporting the Financial Well-being of Emergency Response Professionals
[2] Financial Services for First Responders: A Comprehensive Guide
[3] Retirement Planning for First Responders: Strategies for a Secure Financial Future
[4] Challenges Facing Chicago’s Fire and Police Pensions
