Tom Kuehl, president/CEO of Iowa-based The Members Group and a 30-year veteran of credit union card and payments processing, is retiring from the CUSO, it was announced Tuesday.
"Tom has long been a visionary and remains a mentor to me and to many in this industry," said Pat Jury, president/CEO of the Iowa Credit Union League, an owner of the Des Moines-based TMG, a national provider credit, debit, ATM and ATIRA branded prepaid products in addition to ACH and ALM services.
Jury said Kuehl would remain on the payroll perhaps through yearend "as his successor comes on board" during a transition.
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As part of Kuehl's departure, TMG and Affiliated Management Co., another closely linked league subsidiary, detailed a management shuffle.
Under the restructuring, Jeff Russell, executive vice president of TMG, has been named chief strategy officer of Affiliated Management, guiding direction for all of the AMC operating firms including TMG, TMG Financial Services, Coopera Consulting, PolicyWorks, Community Business Lenders and PayFusion.
Also being promoted is Murray Williams, currently chief operating officer of the league, named as chief administrative officer of AMC responsible for integration of affiliate operations. Kuehl, the retiring CEO, had held the CAO job at AMC.
An email sent out Monday to Iowa CEOs noted that Kuehl, also a former CEO of Iowa Corporate Central CU, has been working with TMG and Affiliates Management during the 30-year stretch "and it is through Tom's leadership that our organizations have grown to become the companies we are today."
Kuehl said, "For the past 30 years, I have had the privilege of leading companies focused on providing credit unions products and services that allow them to remain competitive in the market, while serving and expanding their membership. It's a good feeling when you can say that our company [TMG] has had a positive influence and impact on lives of millions of credit union members."
The email noted that Affiliated Management and TMG would be "moving through the executive search process quickly and hope to find a replacement within the next 45 days."
"We are in the process of celebrating this 30-year milestone with Tom," Jury added citing the "dramatic impact" Kuehl has had on processing and other tech innovation. Most recently, TMG and a Veridian Credit Union CUSO have backed Dwolla, a person-to-person payments startup that has captured some national attention.
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