RICHMOND, Ind.—Credit unions in two states have named new leaders, while another CEO has announced his planned retirement.
In Indiana, Natco Credit Union has selected Tim Frame as its new president and CEO, succeeding Cindy Duke, who will retire after 39 years of service.
Frame brings more than 20 years of executive leadership experience in the financial services industry, having served as chief lending officer and president and CEO of West End Bank, and most recently as regional market president at 3Rivers Federal Credit Union.
“Throughout his career, he has combined strategic vision with operational expertise to strengthen lending performance, support disciplined growth, and guide organizations through evolving market conditions,” the credit union said in a statement. “His leadership reflects a deep alignment with the credit union philosophy and a belief in financial services as a catalyst for long-term community impact.
Education
Frame holds a Bachelor of Science in Business Administration and Management from Indiana University and is a graduate of the Stonier Graduate School of Banking. He has also completed advanced executive education through the American Bankers Association and the Central States Conference of Bankers Association, demonstrating his continued commitment to leadership development and industry excellence.
Cindy Duke Shares Thoughts
“I am incredibly proud of what our team has built together over the past 39 years,” said Duke in a statement. “Natco Credit Union’s strength has always been its people and its culture, and I am confident Tim will honor that foundation while bringing fresh perspective and leadership as the credit union moves forward.”
Added Frame in a statement, “I am honored and excited to join Natco Credit Union as its next president and CEO. Natco is an invaluable local financial institution dedicated to empowering members and uplifting communities. Together, we will build upon this strong foundation, embrace new opportunities, and remain focused on delivering the highest level of service, convenience, and value to every member.”
The search was handled by Humanidei.
Richmond Federal Names New CEO
In Sidney, Mont., Richland FCU has named Tyson Taylor as its new CEO.
Taylor brings more than 15 years of credit union experience, including the past seven years in executive leadership roles. Most recently, he served as Black Hills FCU’s vice president of the Mountain Market, where he led the development of new BHFCU locations across Montana, the credit union said.
“It is truly an honor to join Richland Federal Credit Union as its next CEO,” said Taylor in a statement. “RFCU’s commitment to its members and the community aligns closely with my own values. I am excited to listen, learn, and work collaboratively with the board, staff, and members as we move the credit union forward together.”
A special Open House/Business After Hours event is planned at the $116-million RFCU to introduce Taylor to the membership, local business leaders and the general public in a relaxed atmosphere
Chemcel FCU’s Michael Engel to Retire
Separately, in Corpus Christi, Texas, the $183-million Chemcel Federal Credit Union announced that President and CEO Michael Engel will retire in Q4 after two decades leading the CU.
Engel joined Chemcel FCU in 2007, when it had approximately $50 million in assets, and led initiatives that enhanced operational efficiency, modernized service delivery, and supported disciplined growth, the CU said.
“Serving as CEO of Chemcel Federal Credit Union has been a privilege,” said Engel in a statement. “With an exceptional team and a committed board, we have grown into a stronger organization, and I am incredibly proud of what we have accomplished together. I have full confidence that the Board will select a leader who will continue to advance our mission and deliver meaningful impact for our members.”
Engel will remain in his role through the fourth quarter to ensure a smooth and seamless leadership transition.”
DHilton Associates is handling the search.
