Two credit unions – a community institution in South Dakota andnational organization based in California – announced newpresident/CEOs on Thursday and both promoted from within.
Steve Brandon has been promoted from chief operating officer atthe $638 million Honda Federal Credit Union in Torrance, Calif.,while Floyd Rummel III gets the stop spot at the $78 millionNorthern Hills Federal Credit Union in Sturgis, S.D., after servingas executive vice president and interim CEO.
Brandon has been with Honda FCU for 22 years and succeeds theretiring Jim Updike. Along with the expansion of rewards programs and electronic services for Hondaemployees and Honda dealers, Brandon has overseen the creditunion's branch expansion at manufacturing facilities in Ohio,Alabama, South Carolina and Indiana and its growth from $50 millionin assets when he joined the credit union in 1991.
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