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1st Financial FCU Names Carol Minges New CEO

The 1st Financial Federal Credit Union Board of Directors announced Carol Minges as the credit union's chief executive officer (CEO) effective immediately. Minges has served as the interim CEO since June 2013. She replaced outgoing CEO Frank Nelson.

“Carol was the unanimous choice for CEO to lead the credit union into the future and drive the continued success of the member-owned organization," says Jim Combs, board chairman. "Her dedication to the membership, the employees and the credit union movement are unparalleled. The board of directors and I are looking forward to a positive year of growth – for both the employees and the members.” 

During her past six months as the interim CEO, 1st Financial FCU has earned the status of “Winning Workplace” from Small Business Monthly.

Minges holds a bachelor’s degree in Information Technology from Indiana Wesleyan University. She was formerly the chief information officer (CIO) for 1st Financial Federal Credit Union. As CIO, Minges was instrumental in leading the credit union’s core system conversion with the utmost attention to precision teamwork.  

“Carol has the ability to marry the importance of leading people while integrating technology to improve the efficiency of the organization," continues Combs. "She is passionate about seeing the employees grow to better serve the members of the credit union and help them achieve their dreams.” 

Her 22-year career in the credit union industry includes 11 years with Forum Credit Union in Indiana and five years with Arsenal Credit Union in St. Louis.  

“1st Financial is on the cusp of great things," adds Minges. "I am honored to be selected to lead such an inspiring and passionate team on the journey to help our members, employees, and the communities we serve achieve their dreams. I am also grateful to work with such a supportive and engaged board.”