Source: Shutterstock.
Longtime president/CEO of Indiana State University Federal Credit Union, Trent Kerr, announced he will retire at the end of the year after serving as the credit union's leader for 30 years.
According to a statement from ISUFCU's board of directors, Kerr has had a long and successful history with the Terre Haute, Ind.-based credit union ($130 million in assets, 9,713 members), as well as a lengthy career in the credit union industry going back 46 years.
"On behalf of the board, I want to congratulate Trent Kerr on his retirement. For 30-plus years, Trent's hard work and dedication to the ISU Credit Union has been successful by any financial stat or measure," ISUFCU Board of Directors Chairman Andrew Southard said.
Trent Kerr Southard added, "His unwavering commitment to serve the members of the ISU Credit Union, students and staff of Indiana State University, Terre Haute and the greater Wabash Valley shall be celebrated and commended. Trent's professionalism, integrity, and love of family and community will always be remembered. We wish Trent a happy, healthy and joyful retirement."
According to the credit union, Kerr began his credit union career in 1975 when he joined ISUFCU. Seven years later he hopped over to another Indiana credit union, Nipper's Federal Credit Union (now called Indiana Members Credit Union), and worked there for nine years before rejoining ISUFCU in 1991.
Kerr's involvement with the credit union industry included serving on the Indiana Credit Union League's board of directors and serving as its chairman in 2000. According to ISUFCU, Kerr initiated the Indiana Credit Union Foundation and was inducted to the Indiana Credit Union Hall of Fame in 2002.
According to the statement, once retired, "Kerr looks forward to spending time with his family, traveling more and establishing a better golf game."
Current EVP Marie Shanks will take over as the new president/CEO on Oct. 1 and Kerr will remain on as a consultant for the credit union through Dec. 31, 2021, according to the credit union.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Michael Ogden
Editor-in-Chief at CU Times. To connect, email at [email protected]. As Editor-in-Chief of CU Times since 2016, Michael Ogden has led the editorial team in all aspects of content strategy and execution, including the creation of the publication’s exclusive and proprietary research database of the credit union industry’s economic landscape. Under Michael’s leadership, CU Times has successfully shifted to an all-digital editorial product with new focuses on the payments, fraud, lending and regulatory beats. Most recently, he introduced a data-focused editorial product for subscribers that breaks down credit union issues into hard data, allowing for a deeper and more factual narrative for readers. In 2024, he launched the "Shared Accounts With CU Times" podcast, which offers a fresh, inside-the-newsroom perspective through interviews with leaders from the credit union industry and the regulatory world. He dives into pressing credit union issues, while revealing the personalities working behind-the-scenes to push the credit union world forward. His background includes years as a radio and TV anchor/reporter and a public relations and digital/social media manager, where he covered the food and music industries, as well as cooperatives and credit unions. Over the years, he has launched numerous exclusive video and podcast series, including a successful series of interactive backstage interviews with musicians at music festivals, showcasing his social media and live streaming production skills.
