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News

ARTICLE

Date ArticleType
4/23/2024 5:00:00 AM Member News

Grant Johnson to Retire from Toro Employees Federal Credit Union

Bloomington, Minn. - After thirty-three years of dedicated service, Grant Johnson will retire in August of 2025 as President/CEO of Toro Employees Federal Credit Union.Photo of Grant Johnson

Mr. Johnson has been an integral part of Toro Credit Union's success story, leading the organization through significant changes, including real estate lending and new digital services.   His visionary leadership, strategic insight, and unwavering commitment to the credit union's mission have been instrumental in Toro’s growth and prosperity. Grant’s passion for member service and community involvement has set a standard of excellence for the entire organization.

"It's been an honor and privilege to serve our members as President/CEO since 1993. Thank you to the amazing staff, Board of Directors, and Supervisory Committee for your dedication, service, and support. I'm confident that the credit union will continue to thrive in serving the Toro family and adding financial value to their lives."  Grant Johnson, President/CEO. 

“As the Toro Employee’s Credit Union celebrates its 75th anniversary this year, it is amazing to think that Grant Johnson has led the credit union for forty percent of our credit union’s history! For that, we extend our appreciation for his storied tenure, spanning over three decades! Throughout his tenure, Grant has been a pillar of the credit union. He has leveraged his leadership strengths and financial knowledge to help us weather some challenges and thrive in the good times. Grant has graciously provided the Board of Directors ample time to try to fill the large shoes he will leave behind upon his planned retirement in 2025.”  Paul Danielson, Toro Employees Federal Credit Union Board of Directors Chairman. 

The Toro Employees Federal Credit Union Board of Directors is committed to a smooth transition and has developed a comprehensive succession plan encompassing hiring an EVP/Chief Operating Officer (COO) by December 1, 2024. Reporting directly to the President/CEO, the COO will be responsible for finance, accounting, marketing, human resources, and information technology. In addition, the successful candidate will be responsible for the retail operations, staff development, business development, compliance, and execution of the 2024 - 2025 Strategic Plan. The successful COO candidate will be promoted to President/CEO in August of 2025. During this transition period, Mr. Johnson will continue to lead the organization, working closely with the Toro Employees Federal Credit Union Board and new COO to facilitate a seamless handover.

 

Toro Employees Federal Credit Union is deeply grateful to Mr. Johnson for his outstanding leadership, dedication, and service. Grant’s impact on the credit union and the community it serves will be felt for years to come.

 

Please join us in congratulating Mr. Grant Johnson on a well-deserved retirement and wishing him all the best in their future endeavors.

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