The $918 million Hiway Federal Credit Union in St. Paul said this week that Dave Boden, its current vice president of technology and chief information officer, will be the Minnesota credit union's new CEO.

Boden will succeed Jeff Schwalen, who plans to retire in October after 23 years at the 60,400-member Hiway, the credit union announced Tuesday.

Boden became vice president of technology at Hiway 10 years ago and has 25 years of experience in financial services. His experience includes leadership in areas such as IT, card services, facilities management, teller operations, electronic service delivery, business continuity and strategic planning and security.

“Dave is well prepared to lead the organization,” said Hiway FCU Board Chair Pam Tschida. “He has demonstrated strong leadership skills and has an excellent working relationship with the management and staff. Dave fully embraces our core values and mission and is focused on optimizing the member experience at Hiway.”

Boden also has been active in political affairs with the Minnesota Credit Union Network, and serves on the CIO Advisory Board for Fiserv XP2 core platform users and on the Technology Council at PM Systems, Hiway's online banking services provider.

Boden said, “Hiway has long exemplified the credit union mission, focusing on community involvement and helping our members by offering them an outstanding array of products and services, great rates and truly personal service.

“At the same time, we're in an era of incredible technology and social change. Hiway will build on our traditional strengths, while embracing new models of web, mobile and social financial service delivery.”

He added, “I would like to thank Jeff for his years of service to the credit union and its members, and for his mentorship and support since I started with Hiway. He's been a friend and I wish him well in his retirement.”