MOLINE, ILL. — Dennis Hall, president and CEO of IH Mississippi Valley Credit Union, announced that he is retiring.
Hall has been with the Moline, Illinois-based credit union for the past 28 years, serving as president for the past 18 years.
"I've had the pleasure of working with a talented group of colleagues throughout my career," Hall said in a statement. "Together, we've built an institution that's improving the financial well-being of our members and returning value to those who need it most."
The credit union's board of directors has named elected Brian Laufenberg as the new CEO to replace Hall. Laufenberg will continue to serve as executive vice president of support and COO in the interim.
Laufenberg has been with IH Mississippi Valley Credit Union for 10 years, and has worked in the financial industry for 32 years. He's a Certified Credit Union Executive and recently completed the CUES CEO Institute. He previously served as vice president of finance for Ascentra Credit Union, now a $342-million institution based in Bettendorf, Iowa.
"On behalf of the board of directors, we'd like to congratulate Dennis on his retirement and recognize his many contributions to the credit union. When we started the search for his successor, we didn't need to go far. The board feels that Brian will continue to lead the credit union in fulfilling our mission," said Megan Early, chairperson of IH Mississippi Valley Credit Union.
During Hall's tenure, the credit union has grown from $200 million in assets and 25,000 members to nearly $1 billion in assets, and more than 110,000 members, and 17 locations. Hall was also recently inducted into the CEO Hall of Fame by the Illinois Credit Union League.
In addition, Hall was named Executive of the Year in 2005 by the CUES Illinois Council. He served as League President from 2010-2012.
