After 45 Years in the Credit Union World, Trent Kerr Announces His Retirement
The credit union also announces current EVP Marie Shanks will take over as CEO beginning Oct. 1.
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.
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.