EFCU announces appointment of new President & CEO

ELKO, NV (April 8, 2022) — The Elko Federal Credit Union (EFCU) Board of Directors is excited to welcome Todd Sorenson as the next President & CEO of Elko Federal Credit Union.  Sorenson has over 20 years’ experience serving Credit Unions and other financial institutions as a Certified Public Accountant (CPA); most recently as an assurance partner with Eide Bailly in Phoenix, AZ.  Sorenson earned his Master of Accountancy degree from the Southern Utah University and recently relocated to Elko to be closer to family and the ability to enjoy his many outdoor interests.

“I am both humbled and excited for the opportunity to lead the EFCU team, and to be associated with the members of EFCU”, said Sorenson. “Owned by its members, EFCU is uniquely positioned as the only locally owned financial institution in Elko County, and that distinction comes with a stewardship to our communities that we don’t take lightly.  I can’t wait to better acquaint myself with the people and businesses within the communities EFCU Serves.”

Jan Baum, Chairperson of the EFCU Board of Directors, said “In addition to Sorenson’s proven strong financial industry background, he is committed to immersing himself into the Northeastern Nevada Community and eager to represent EFCU as the community’s local financial institution; continuing to provide personal financial services as well as leading EFCU into the future by partnering with local businesses to fulfill their financial service needs.  Todd really understands we are here to service our members, this will be a great partnership!”

Join us at the EFCU Annual Meeting April 23, 2022 at 9:00 am held at the Boys and Girls Club of Elko for a chance to meet Todd Sorenson in person.

Todd Sorenson

About Elko Federal Credit Union

Founded in 1960 in its namesake of Elko, Nevada, Elko Federal Credit Union is a not-for-profit financial cooperative with more than 16,000 members and $263 million in assets. As Nevada’s ninth largest credit union, Elko FCU offers a complete selection of convenient, innovative and competitive products and services for both personal and business banking needs. With locations in Elko and Spring Creek, the credit union meets the needs of the local community with convenient branch access, as well as through online and mobile banking platforms and at surcharge-free ATMs nationwide through the Co-Op network. For more information, visit


Sarah Goicoechea

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