Southern Lakes Credit Union, an $88 million institution based in Kenosha, Wis., announced that it has appointed Timothy Barthel as its new president and CEO, succeeding Georgine Levine, who passed away in August 2016.
Richard Ackatz, the VP of administration at Southern Lakes CU, confirmed that he had been serving as the interim CEO prior to Barthel’s appointment.
Barthel, a 1999 graduate of Concordia University Wisconsin, in Mequon, Wis., most recently served as VP of branch operations at the $2.7 billion Community First Credit Union of Appleton, Wis.
In his 15 years in the industry, Barthel has also served as VP of member services with the $1.26 billion, Green Bay, Wis.-based Capital Credit Union; AVP with the $1.4 billion Antigo, Wis.-based CoVantage Credit Union; and also had a “variety of roles” with the $3 billion Chubbuck, Idaho-based Idaho Central Credit Union.
“Tim is an exceptional leader. His track record in the credit union industry has been extraordinary,” said Southern Lakes CU’s chairperson Helen Schumacher in a statement. “Tim was chosen in a competitive selection process from a strong field of candidates. He is known for his collaborative leadership style and for building high-performance teams.”
Peter Shaw Johnson, a board member of Southern Lakes CU, stated that Barthel brings a “wealth of experience to the credit union at this important stage of regulatory burden” and that given his credentials, he is confident that Barthel will “make a significant contribution” to the credit union as the new CEO.
According to its call reports, Southern Lakes posted net income of about $70,000 last year, after recording $2,000 in 2015.
