MADISON, Wis. – Tom Merfeld has been named to the newly-created position of senior vice president and chief risk officer for CUNA Mutual Group. Merfeld will oversee assessing, coordinating and managing the various risks in the organization. Merfeld, who joined CUNA Mutual’s investment area in 1994, served most recently as senior vice president and leader of the company’s Credit Union Financial Solutions Group. He will be replaced on an interim basis by Kevin Thompson, vice president of product development for the Credit Union Financial Solutions Group. Merfeld will report to Jeff Holley, CUNA Mutual EVP/CFO, and will also be responsible for overseeing the asset liability management program, as well as chairing the company’s Risk Management Committee. “The creation of a CRO position is an important and necessary measure to help ensure CUNA Mutual’s continued success,” Holley said. “We are a sophisticated organization, selling progressive products with innovative features. In this position, Tom will help us best utilize our capital for the benefit of our customers in a risk appropriate manner. It’s a growing trend in the insurance and financial services industry, and we feel Tom’s skills and background make him ideal for this position.”

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