Metro lender's longtime leader stepping down
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Harry Carter, president and CEO of Maple Grove's Top Line Federal Credit Union, plans to retire at the end of 2013.
The longtime leader of one of Minnesota's largest credit unions is stepping down at the end of the year.
Top Line Federal Credit Union CEO Harry Carter[5] has been chief executive of the Maple Grove-based lender since 1999. He'll retire at the end of 2013.
"I'm past my sell-by date," said Carter, who turns 66 this month and plans to spend time with his grandchildren. "It just seemed time to retire while I'm still a young man."
His successor is Tom Smith[6], the credit union's chief operating officer. He joined the credit union as its chief lending officer in 2008.
"Our board is confident that Tom has not only the executive experience, but very importantly the credit union values and the passion for our employees’ and our members’ success that describe the best leaders in our industry," Chairman of the Board Jim Kaster[7] said in a news release.
Top Line was the 10th largest Twin Cities credit union last year. It opened an insurance business[8] and ended 2012 with $330.68 million in assets and 38,814 members.
Minnesota's credit unions have been growing fast[9], and Top Line is no exception. It increased assets by 6.1 percent last year and 14.8 percent the year before. Membership grew by about one-third over those two years, mostly from its 2011 merger[10] with St. Paul's Como Northtown Community Credit Union.
Jim Hammerand covers banking/finance, courts, and professional services
References
- ^ Jim Hammerand (feeds.bizjournals.com)
- ^ This email address is being protected from spambots. You need JavaScript enabled to view it. (feeds.bizjournals.com)
- ^ Twitter (twitter.com)
- ^ Facebook (www.facebook.com)
- ^ Harry Carter (feeds.bizjournals.com)
- ^ Tom Smith (feeds.bizjournals.com)
- ^ Jim Kaster (feeds.bizjournals.com)
- ^ opened an insurance business (feeds.bizjournals.com)
- ^ Minnesota's credit unions have been growing fast (www.bizjournals.com)
- ^ mostly from its 2011 merger (www.bizjournals.com)