Indiana State University Federal Credit Union Announces the Upcoming Retirement of CEO Marie “Sam” Shanks

Terre Haute, Indiana (February 16, 2024))- Indiana State University Federal Credit Union’s President and CEO, Marie “Sam” Shanks, announced her plan to retire in the Fall of 2024.


Sam joined Indiana State University FCU’s staff as a student-employee in 1982, establishing professional roots spanning more than 40 years. Shanks worked her way up the organization’s ranks, serving as Executive Vice President before becoming CEO. In 2021, she was selected as President and /CEO upon the retirement of the previous CEO, Trent Kerr.


Shanks holds a bachelor’s degree from the credit union’s namesake and primary select employee group, Indiana State University. She is a CUNA Management School graduate and an inaugural member of the Innovations for Indiana Credit Unions (Ignite) initiative through the Indiana Credit Union League. Shanks is a dedicated member of her community, serving as the chair of the Indiana State University Foundation board, as well as holding other board and leadership roles over the years.


When asked about Shanks’ upcoming retirement, the Indiana State FCU’s Board Chair, Randy Jensen, stated, “We will miss Sam’s leadership, as she has been an integral part of the Indiana State FCU’s success. We look forward to the future of Indiana State University Federal Credit Union and the community we have built together.”


The Board of Directors is partnering with D. Hilton Associates, Inc. to conduct a nationwide executive search to identify Indiana State University Federal Credit Union’s next Chief Executive Officer.


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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Friday February 16, 2024

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