The $915 million TruStone Financial Federal Credit Union announced Jan. 3 that Hans Iverson, senior vice president of lending since 2012, will be promoted to chief operating officer at the Plymouth, Minn.-based cooperative. Current COO Jim Stahlmann will transition into an April retirement.
Iverson, a recent Credit Union Times’ Trailblazer 40 Below award recipient, joined TruStone Financial in 2011 as vice president of consumer lending and advanced a year later to senior vice president of lending.
Prior to that, he was the director of lending for the Mountain West Division of TCF National Bank, an $18 billion company.
“I am pleased to announce the well-deserved promotion of Hans Iverson,” said Tim Bosiacki, TruStone CEO. “I am confident he will make significant contributions to the advancement of our organization. His outstanding leadership and refreshing business acumen has helped us prosper in recent years.”
Iverson, who received his Bachelor of Arts in finance from the University of Minnesota, will transition to his new role this month, handing lending responsibility to recently hired chief business officer, Steve Steen.
During his previous position at the credit union, Iverson’s primary focus was the growth of consumer and commercial lending.
“As TruStone Financial has grown over the past few years, I have learned that regardless of my role, the focus must be on our members, employees, culture, vision and future,” said Iverson. “I look forward to building upon the momentum that we have created and expect to provide the innovative product offerings and game-changing growth strategies our members and staff have come to count on.”
TruStone Financial merged April 1 with the $13 million, 2,371-member Ladish Community Credit Union in Cudahy, Wis.