OWATONNA, Minn.–Home Town Credit Union has named a new president and CEO to succeed Kim Westphal, who has retired.

The $269.1-million Home Town CU has selected Chad Corcoran to lead the organization. 

Corcoran has been with Home Town Credit Union for nine years. 

“With over 16 years of experience in the financial industry, Chad has been instrumental in the credit union’s expansion, overseeing a $160 million increase in assets, a $125 million growth in loans, and an expansion of membership eligibility to a 26-county area,” the credit union said in a statement.

“I am honored to step into the role of CEO and continue building on the strong foundation that Kim and our team have created,” said Corcoran in a statement. “Home Town Credit Union is committed to innovation, growth, and delivering exceptional service to our members and communities.”

Added Board Chair Nicole Schulz, “Chad’s leadership, vision, and deep understanding of Home Town’s values make him the perfect fit for this role. We are grateful for Kim’s extraordinary leadership and her unwavering dedication to our members. Her impact will be felt for years to come.”

Hometown Credit Union has more than 25,000 members across Southern Minnesota.