Indiana State University FCU announces new President and CEO
TERRE HAUTE, IN (October 1, 2021) — With the upcoming retirement of former President and CEO, Trent Kerr, the Indiana State University Federal Credit Union (ISUFCU) Board of Directors announces that Marie “Sam” Shanks will be the new President and CEO of ISUFCU as of October 1, 2021.
Shanks has worked at ISUFCU her entire career. She began as a student worker at the credit union in 1982 not realizing she was establishing her professional roots. Upon graduating from Indiana State University in 1985, majoring in computer science with a minor in business administration, Shanks was eventually named the Executive Vice President. In 1991, Shanks graduated from the Credit Union National Association Management School as an advocate for members and with a renewed sense of responsibility to provide members with the best financial services. She was also an inaugural member of the Innovations for Indiana Credit Unions (Ignite) through the Indiana Credit Union League.
“I’ve been with the organization through years of expansion and growth and with that, my commitment to the Credit Union and ISU community has followed suit. Looking back, I never intended on being a leader of this organization, but now more than ever, I am dedicated to the financial cooperative philosophy,” Shanks said of her new appointment.
The ISUFCU Board of Directors Chairman, Andrew Southard, said, “On behalf of the ISU Credit Union Board of Directors, I am excited to announce that Marie “Sam” Shanks will be the next President/CEO. Through the years, Sam’s drive, determination, and perseverance lead her to excel in her former role as Executive Vice President. I know Sam will be an excellent President/CEO. The Board looks forward to seeing her success and growth of the Credit Union under her tenure.”
Outside of ISUFCU, Shanks is very involved in the community. She is currently Vice-Chair of the Indiana State University Foundation Board of Directors, a Wabash Valley Art Spaces board member, a St. Benedict Church parish council and finance committee member, and a past Terre Haute Catholic Youth Ministry Volunteer.
Sam Shanks and her husband, Ted, have three daughters: Abby, Natalie and Rosalie.
Sam Shanks
About Indiana State University Federal Credit Union
Indiana State University Federal Credit Union, a not-for-profit financial institution owned and operated by its members, does not resemble the modest means with which it first began. Chartered in 1960, Indiana State University FCU was organized by a small group of faculty members from Indiana State University who were familiar with the benefits of a credit union. Indiana State University FCU has grown from a one-room office in the basement of the Alumni Center on the ISU campus to its attractive facility on North 3rd Street. With an asset size of $133 million, Indiana State University FCU serves its nearly 10,000 members in Clay, Sullivan, Vermillion, and Vigo counties with a full range of remote delivery amenities, 24-hour Touch Tone Teller, CUOnline and Mobile Account Access, debit and credit cards, ATMs and electronic payments.
In 1995, the Indiana State University FCU became Indiana State University's first “President's Merit Scholar” donor, providing a full, four-year scholarship to a selected incoming freshman. In 2008, Indiana State University FCU began the Indiana State University FCU Scholarship Program. The credit union has awarded $152,000 in scholarships to 22 college students through this program.
The Indiana State University FCU will continue encouraging their “people helping people” philosophy in this financially competitive world by providing the best traditional and innovative services possible.
To learn more, visit https://www.isucreditunion.com/
