Farmers Insurance Federal Credit Union Announces New CEO

LOS ANGELES, July 9, 2018 /PRNewswire/ -- Farmers Insurance Federal Credit Union has named Laura Campbell as the new President and CEO, effective August 6, 2018.

Laura joined the Credit Union in 1994 as Executive Vice President, assuming the role of President in 2014.  Prior to joining the Credit Union, Laura worked for 10 years in public accounting.

CEO, Mark Herter, announced his retirement earlier this week and will now work with Ms. Campbell on the leadership transition.  "Laura has been a tremendous partner, and I am confident that she will lead the Credit Union to great things in the future," commented Herter.  "Laura's outstanding track record of member service, financial and operational management positions her well to lead the Credit Union," added Scott Lindquist, Chairman of the Credit Union's Board. He also affirmed: "The Board's decision to have Laura succeed Mark was a unanimous one."

In addition to Ms. Campbell's Credit Union responsibilities, she also sits on two boards:  Constellation, a Credit Union Service Organization (CUSO) providing next-generation, cloud-based, digital-financial services experiences and Members Development Company (MDC), which provides research and development services for owner credit unions.  

Laura Campbell holds a Bachelor of Arts in Accounting from the University of Northern Iowa and is a licensed CPA (inactive) in the state of California.

"I am thrilled with the Board's decision and am excited to be provided with this great opportunity," said Campbell.  "We have a great team, and I am confident that we will continue to serve our members better than any other financial institution."

Founded in 1936, Farmers Insurance Federal Credit Union is a not-for-profit, member-owned financial institution that exists primarily to serve Farmers Insurance Group, as well as other organizations across the country.  The Credit Union provides personal financial services to more than 51,000 members and has over $914 million in assets. It is one of the best capitalized credit unions in the country.

Contact:
Beth Rodgers
CMO, Farmers Insurance Federal Credit Union 
323.209.6000

SOURCE Farmers Insurance Federal Credit Union