Tom Kuehl, TMG CEO, Set to Retire
The Members Group, the Des Moines-based card and payments processor serving credit unions, is losing its long-time president/CEO, Tom Kuehl, who is retiring by year end.
A 30-year-veteran of the Iowa Credit Union League affiliate, Kuehl had previously served on numerous committees of U.S. Central and as vice chairman. He was a member of the initial executive committee chartering the Association of Corporate Credit Unions.
"Tom has long been a visionary, a change agent, and strong advocate for the credit union movement," said Patrick Jury, president and CEO of the Iowa League. He called Kuehl "a mentor to me and to others."
On a national scale, The Members Group provides an array of credit, debit, ATM and ATIRA branded prepaid products in addition to ACH and ALM services.
Jury said Kuehl would remain on the payroll perhaps through year end as his successor comes on board during a transition.
As part of Kuehl’s departure, The Members Group and Affiliated Management Co., another closely linked league subsidiary, detailed a management shuffle.
Under the restructuring, Jeff Russell, executive vice president of TMG, has been named chief strategy officer of Affiliated Management, guiding direction for all of the AMC operating firms, including TMG, TMG Financial Services, Coopera Consulting, PolicyWorks, Community Business Lenders and PayFusion.
Also promoted was Murray Williams, currently chief operating officer of the league, who was named chief administrative officer of AMC responsible for integration of affiliate operations. Kuehlthe had held the chief operating officer job at AMC.
In an email distributed to Iowa CUs last week, Jury noted that both AMC and The Members Group "would be "moving through the executive search process quickly and hope to find a replacement within the next 45 days."
"We are now in the process of celebrating this 30-year milestone with Tom," Jury said, citing the dramatic impact Kuehl has had on processing and tech innovations.