Kyle Markland, president/CEO of the $1.6 billion Affinity Plus Federal Credit Union, has resigned, the credit union said in a statement Thursday.
Markland took the helm of the St. Paul, Minn.-based credit union in 1997.
David Larson has been named by the board as interim president and CEO, according to Affinity Plus.
Larson has been with the credit union since 2002, last serving in the position of senior vice president, Affinity Plus said. He is also the executive director of the Affinity Plus Foundation and sits on the board of the Minnesota Credit Union Foundation.
Credit Union Times called the credit union Friday morning to confirm when Markland resigned but was not able to get a definitive date. Several published reports indicated that his resignation was effectively immediately.
Markland was named Credit Union Times’ 2012 Trailblazer CEO of the Year.