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Minneapolis Business Journal (April 13, 2023) - The Minnesota Credit Union Network has selected Mara Humphrey as the organization's new leader. The statewide trade association said Thursday that Humphrey will transition out of her current role as chief advocacy and engagement officer to become the new president and CEO on May 1. “After a national search, the Board is unified in the choice of Mara Humphrey as the next CEO of the Minnesota Credit Union Network,” said Mary Hansen, board chair and CEO of Mayo Employees Federal Credit Union in a statement. “The board was deeply committed to a rigorous leadership selection process and understood this to be the most important work of our board terms.” Humphrey is succeeding Mark Cummins, who announced his retirement more than a year ago. “Mara’s nationally recognized advocacy work and leadership has benefited our membership greatly over the years,” Cummins said. “I’m pleased to transition the role to a visionary leader who ensures a strong future for our organization and our members.” According to the release, since joining the network in 2007, Humphrey has earned a national reputation for credit union advocacy and committed leadership in the service of credit unions. She was promoted to Chief Advocacy and Engagement Officer in 2020. The organization represents Minnesota credit unions, which combined have more than $38.6 billion in assets, 2.1 million members, 400 branches and 5,709 employees around the state. Since 2007, membership in Minnesota Credit Unions has grown from 1.5 to almost 2.1 million members. Humphrey said she is looking to continue building on that growth success by focusing on the collaboration of credit unions across the state. Humphrey acknowledged that she is taking over at a tumultuous time for financial institutions following the collapse of Silicon Valley Bank. “It's been an interesting time period. And I think, in general, the financial services industry is changing,” she said. “Right now, it's actually been an interesting time to really be able to talk about the credit union advantage where decisions are made locally.”
Minneapolis Business Journal (April 13, 2023) - The Minnesota Credit Union Network has selected Mara Humphrey as the organization's new leader.
The statewide trade association said Thursday that Humphrey will transition out of her current role as chief advocacy and engagement officer to become the new president and CEO on May 1.
“After a national search, the Board is unified in the choice of Mara Humphrey as the next CEO of the Minnesota Credit Union Network,” said Mary Hansen, board chair and CEO of Mayo Employees Federal Credit Union in a statement. “The board was deeply committed to a rigorous leadership selection process and understood this to be the most important work of our board terms.”
Humphrey is succeeding Mark Cummins, who announced his retirement more than a year ago. “Mara’s nationally recognized advocacy work and leadership has benefited our membership greatly over the years,” Cummins said. “I’m pleased to transition the role to a visionary leader who ensures a strong future for our organization and our members.”
According to the release, since joining the network in 2007, Humphrey has earned a national reputation for credit union advocacy and committed leadership in the service of credit unions. She was promoted to Chief Advocacy and Engagement Officer in 2020.
The organization represents Minnesota credit unions, which combined have more than $38.6 billion in assets, 2.1 million members, 400 branches and 5,709 employees around the state.
Since 2007, membership in Minnesota Credit Unions has grown from 1.5 to almost 2.1 million members.
Humphrey said she is looking to continue building on that growth success by focusing on the collaboration of credit unions across the state.
Humphrey acknowledged that she is taking over at a tumultuous time for financial institutions following the collapse of Silicon Valley Bank.
“It's been an interesting time period. And I think, in general, the financial services industry is changing,” she said. “Right now, it's actually been an interesting time to really be able to talk about the credit union advantage where decisions are made locally.”