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David Brehmer, president/CEO for the $6 billion, Greensboro, N.C.-based Vizo Financial Corporate Credit Union, announced his plans to retire on Jan. 5, 2024.
Vizo Financial's board of directors selected Fred Eisel, chief investment officer for the corporate credit union, to serve as president/CEO following Brehmer's departure, according to Thursday's announcement.
David Brehmer Brehmer has served the credit union industry for the past 44 years, including serving as Vizo Financial's leader for the previous 29 years. He joined the corporate in 1994 when it was known as First Carolina Corporate Credit Union, and in 2016, First Carolina merged with Mid-Atlantic Corporate Credit Union, creating Vizo Financial. Brehmer co-led the corporate with former Mid-Atlantic CEO Jay Murray until 2021, the announcement stated.
"Serving credit unions in my role as president/CEO of Vizo Financial has been a great honor and the pinnacle of my long career," Brehmer stated. "While I remain energized by the work we do in serving credit unions and particularly any time I get to spend with credit unions, this appears to be an excellent time to allow new leadership to continue the progress we have made since forming Vizo Financial in 2016 when we set out to make a stronger, more financially secure corporate credit union."
Fred Eisel Eisel has worked in the corporate credit union system for nearly 30 years, including the past 22 years as part of Brehmer's executive team. He began his career as an investment analyst at Mid-Atlantic in 1993, then moved into the role of SVP, chief investment officer for First Carolina in 2000 before assuming the role of chief investment officer for Vizo Financial upon the corporate's formation in 2016, according to his LinkedIn page.
"I have the utmost confidence in Fred's abilities to continue to improve the organization's value to the membership as he inherits an exceptional leadership team and an experienced, knowledgeable and highly engaged workforce," Brehmer stated.
He added, "I look forward to working with credit unions throughout 2023, as I finish out my tenure as president and CEO of Vizo Financial. I cannot thank everyone enough for the support and friendships I have developed over the years. And, as my brother always said when closing out his radio show, 'take nothing for granted, it's great to be alive!'"
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Natasha Chilingerian
Natasha Chilingerian has been immersed in the credit union industry for over a decade. She first joined CU Times in 2011 as a freelance writer, and following a two-year hiatus from 2013-2015, during which time she served as a communications specialist for Xceed Financial Credit Union (now Kinecta Federal Credit Union), she re-joined the CU Times team full-time as managing editor. She was promoted to executive editor in 2019. In the earlier days of her career, Chilingerian focused on news and lifestyle journalism, serving as a writer and editor for numerous regional publications in Oregon, Louisiana, South Carolina and the San Francisco Bay Area. In addition, she holds experience in marketing copywriting for companies in the finance and technology space. At CU Times, she covers People and Community news, cybersecurity, fintech partnerships, marketing, workplace culture, leadership, DEI, branch strategies, digital banking and more. She currently works remotely and splits her time between Southern California and Portland, Ore.
