Iowa’s Largest Credit Union Appoints Interim CEO Todd Fanning

Iowa’s largest credit union said Monday it has appointed Todd Fanning as interim CEO, succeeding Jeff Disterhoft, who served as GreenState Credit Union’s top management position since October 1999.

“After much discussion with our board, Jeff made the decision to retire and the board supported that decision,” GreenState Chief Marketing Officer Jim Kelly said.

During Disterhoft’s CEO tenure, the North Liberty-based credit union increased assets from $186 million to its current assets of $11.2 billion, while loans grew from $161 million to $9.9 billion and membership expanded from 39,355 to 447,519, according to NCUA Call Reports.

“It has been the privilege of my career to lead GreenState, and I am proud of all that this fantastic team has achieved in service of our communities and its members,” Disterhoft said in a prepared statement. “I look forward to seeing GreenState continue to succeed for decades to come.”

Fanning joined the credit union in 2012 as its CFO from Citizens First National Bank (CFNB) in Princeton, Ill., where he started in December 1990 as a controller. He also served as the bank’s CFO for 14 years and two years as its COO, according to the credit union. Before CFNB, he worked as a controller for Bay Financial Savings Bank in Tampa, Fla.

“Todd has been an invaluable member of our leadership team over the past decade and his deep understanding of our business, our members and our communities makes him the ideal person to step into this interim CEO role,” GreenState Board Chair Fred Mims said. “The board is committed to conducting a comprehensive search to identify the best candidate to serve as the next CEO and steward the next chapter of success for GreenState. On behalf of everyone at GreenState, I want to thank Jeff for his valuable contributions and many years of service.”