Indiana State University FCU announces President and CEO retirement

TERRE HAUTE, IN (September 22, 2021) — The Board of Directors of Indiana State University Federal Credit Union announces that longtime President and CEO, Trent Kerr, will retire on December 31, 2021. Kerr has served as the President and CEO of ISUFCU for the last 30 years. During his tenure, ISUFCU has grown to over $125 million in asset size and nearly 10,000 members.

Kerr began working in the credit union industry in May of 1975 at Indiana University Credit Union. He then went on to work at Nipper’s FCU (now Indiana Members) in 1982 for nine years before coming to ISUFCU in 1991. He served on the Indiana Credit Union League’s Board of Directors and served as their chairman in 2000-2001. He initiated the Indiana Credit Union Foundation as his legacy after serving on that board. Kerr was inducted into the Indiana Credit Union Hall of Fame in 2002. He has also been a long-time volunteer for the Terre Haute Chamber of Commerce.

“On behalf of the Board, I want to congratulate Trent Kerr on his retirement. For 30 plus years, Trent’s hard work and dedication to the ISU Credit Union has been successful by any financial stat or measure,” said ISUFCU Board of Directors Chairman, Andrew Southard. Southard went on to say, “His unwavering commitment to serve the members of the ISU Credit Union, students and staff of Indiana State University, Terre Haute and the greater Wabash Valley shall be celebrated and commended. Trent’s professionalism, integrity, love of family and community will always be remembered. We wish Trent a happy, healthy and joyful retirement.”

Trent Kerr and his wife, Brenda, have three children:  John, Laura, and Hannah. They are expecting their first grandchild in 2022. Upon retirement, Kerr looks forward to spending time with his family, traveling more, and establishing a better golf game.

Current Executive Vice President, Marie “Sam” Shanks, will take over as the new President/CEO on October 1, 2021. Kerr will remain on as a consultant for the credit union through December 31, 2021.

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.

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Sarah Hilton, Senior Vice President
Hilton Associates, Inc.

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