Robert N. Trunzo has been promoted to president of CMFG Life Insurance Co. at CUNA Mutual Group.
Trunzo will be responsible for the products, distribution and service of the company’s U.S. credit union businesses as well as its 401(k) business, according to CUNA Mutual.
In the new leadership position, CUNA Mutual’s asset accumulation and retirement services businesses now report to Trunzo, along with the company’s information technology area.
With this promotion, Trunzo is now responsible for nearly 3,000 of the company’s 4,500 employees and approximately $2 billion of CUNA Mutual’s annual revenues, the company said.
He will continue to report to Jeff Post, president/CEO of CUNA Mutual Holding Co., the parent of CMFG Life. As part of the organizational change, Mike Connealy, president/CEO of ProAg, CUNA Mutual’s crop insurance subsidiary, now reports to Post as well.
Trunzo’s priorities are focused on lending, compliance and income, CUNA Mutual said.
“The credit union system has momentum. Member growth, improving ROAs and stronger capital have created a growing sense the system has weathered the economic storm,” Trunzo said. “The focus of the credit union business at CUNA Mutual Group is to help continue this momentum and prove to consumers that switching to a credit union was the right decision.”
Trunzo, who joined CUNA Mutual in 2005, succeeds Kenn LaLonde, former executive vice president, who left the company in August to become chief executive of another company.
Trunzo previously served as executive vice president and chief operating officer at CUNA Mutual.