Laufenberg Appointed CEO at I.H. Mississippi Valley; Hall Retires
The board of directors for the I.H. Mississippi Valley Credit Union said Wednesday Brian Laufenberg will be its new president/CEO following the retirement at the end of the year of current President/CEO Dennis Hall.
Laufenberg, executive vice president of support and chief operating officer, joined the Moline-Ill.-based IH Mississippi Valley CU in 2005. Previously he served as vice president of finance for the $349 million Ascentra Credit Union in Bettendorf, Iowa.
Laufenberg is a Certified Credit Union Executive, and he recently completed the CUES CEO Institute.
“On behalf of the board of directors, we’d like to congratulate Dennis on his retirement and recognize his many contributions to the credit union, Megan Early, board chair of I.H. Mississippi Valley CU, said. “When we started the search for his successor, we didn’t need to go far. The board feels that Brian will continue to lead the credit union in fulfilling our mission,”
Hall joined the credit union in 1987 and served as its president/CEO since 1997.
During his tenure, the credit union grew from approximately $200 million in assets and 25,000 members in 1987 to $900 million in assets and more than 117,000 members today.
The Illinois Credit Union League recently inducted Hall into the CEO Hall of Fame. Hall was also named Executive of the Year in 2005 by the CUES Illinois Council. He served as president of the Illinois League from 2010-2012, and has been active in legislative committees, the Illinois Quad Cities Chapter of Credit Unions, Junior Achievement and United Way
“I’ve had the pleasure of working with a talented group of colleagues throughout my career,” Hall said. “Together, we’ve built an institution that’s improving the financial well-being of our members and returning value to those who need it most.”