Keith Sultemeier has been named president/CEO of Kinecta Federal Credit Union in Manhattan Beach, Calif., the $3.1 billion credit union said.
Sultemeier will take over on April 23 and work closely with Roger Ballard, who has been serving as CEO of both Kinecta and the $1.1 billion NuVision FCU in Huntington Beach, Calif., a role that ends now that their proposed merger was called off last month.
Sultemeier had been executive vice president of the $6.6 billion Security Service FCU in San Antonio and is a 12-year veteran of the credit union industry, Kinecta said.
“Keith stood out as a trusted, seasoned credit union leader with a passion for serving members,” said Darryl Johnson, Kinecta board chairman. “He possesses the distinct mix of skills and experience we were looking for: strong and trusted leadership skills, proven track record in credit union management, and excellent communication skills.”
Johnson also lauded Ballard. “He successfully led both organizations with vision and compassion, and we thank him for all of his efforts,” the board chairman said. Ballard will return to his CEO role at NuVision.
At Security Service, Sultemeier led strategic planning and budgeting and directed the operations of both back office and member-facing divisions.
“Kinecta has a reputation for operational excellence, innovation and member service,” Sultemeier said. “I am excited to play a role in continuing this tradition and leading the company’s next chapter of growth and service.”
Sultemeier holds bachelor’s and master’s degrees in business administration from the University of Texas and is a CPA who holds securities and insurance licenses.
SSFCU said it will now conduct a recruitment effort to select a replacement for Sultemeier. Steve Schott, SSFCU senior vice president for accounting and finance, will serve as interim chief financial officer for the credit union during the search process.