Credit union CEO Dave Cale added to First Community Trust Board of Directors
Des Moines area leader joins board
DUBUQUE, IOWA (November 20, 2023) — First Community Trust, N.A. (FCT), a nationally-chartered trust company headquartered in Dubuque, Iowa recently announced the addition of Financial Plus Credit Union President and Chief Executive Officer Dave Cale to its nine-member board of directors.
Cale brings more than 30 years of financial experience to the FCT board. He will leverage his leadership skills and expertise to provide guidance for the company’s dedicated leadership team and play a pivotal role in shaping strategic growth initiatives.
Cale is no stranger to the financial services industry. Since 2009, Cale has served as CEO of Financial Plus Credit Union (FPCU), a member-owned financial cooperative in Des Moines, Iowa. Prior to becoming CEO, Cale served in various capacities including CFO and Senior Vice President of Operations. He has been with FPCU since 1992. He has extensive knowledge in asset liability management, product development, payment channel services, risk management and strategic planning. He earned his bachelor’s degree in finance and marketing from Dubuque’s Loras College in 1991.
Dave has been a part of growing FPCU from assets of $30 million to over $200 million. He’s also expanded the branch network from one branch to four branches, as well as facilitated four mergers. Over these years, he has helped lead many technology and product/service advancements including enhanced network and security services, remote account access platforms and business lending.
“As a thoughtful and passionate leader in the credit union movement, Dave will bring incredible support and leadership to the FCT board,” said FCT Chief Executive Officer Adam Claypool. “His voice and vision will help us continue to make a positive impact on the financial lives of Iowans and consumers across the country.”
Cale is actively involved in the Des Moines community as well as the credit union industry serving on various financial-based boards including chair of SHAZAM Network – ITS, Inc. board, Credit Union National Association (CUNA) Payments Committee and Community Business Lenders. He was also the former chair and member of the Iowa Credit Union League (ICUL) board.
“I am honored to join the FCT board and find synergies across industries to improve product and services for FPCU members and all Iowa credit unions,” said Cale. “Together, we will further enhance FCT’s dedication to providing clients with exceptional wealth management services, ensuring the highest levels of performance and service.”
FCT offers trust, investment and retirement services across the nation. To learn more, visit www.fctrust.com.
About First Community Trust
First Community Trust (FCT) is a nationally chartered trust bank offering investment management, financial planning, and trust services for individual and institutional clients nationwide. FCT’s professionals have more than 165 years of consistent and collective investment, financial and trust experience. Founded in 2001, FCT manages over $1 billion in assets, helping individual clients achieve their personal financial, retirement and estate planning goals and helping institutional clients with their retirement plans and other investment management objectives.