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Meritrust Credit Union Announces New VP Finance/CFO

Wichita, Kansas – Meritrust Credit Union (Meritrust) is pleased to announce the selection of Randall (Randy) Doerksen as the credit union’s new Vice President Finance/Chief Financial Officer, effective October 13, 2014.

“We are delighted to have Randy take on the role of Vice President Finance/Chief Financial Officer,” said James Nastars, President/Chief Executive Officer. “Randy brings extensive financial experience and strategic knowledge to the credit union. We have the utmost confidence that with his expertise, Meritrust will continue to exceed the needs of our membership.”

Randy spent the last 26 years with Friends University in Wichita, Kansas. Most recently, Randy was the Vice President, Administration and Finance, where he oversaw Friends University’s Accounting, Auxiliary Services, Budget, Student Financial Aid, Human Resources, Administrative Information Technology, Receivables/Collection, and Physical Plant departments. During his tenure with Friends University, Randy was also a Friends University College of Business and Graduate School instructor for courses that focused on Accounting and Finance. Since 2003, Randy has been an Education Affiliate Consultant for Doerksen Consulting LLC, where he provides consulting services to private universities seeking expertise in the areas of budgeting, finance, resource allocation methods, and financial planning/projections. Randy was one of eleven CFOs selected by an independent committee to receive the CFO Award in 2014, which was sponsored by the Wichita Business Journal.

“Randy is a remarkable executive with not only unique experience, but a unique vision and drive that will ensure the continued success for the credit union. We are looking forward to having Randy as a part of our team here at Meritrust,” said Nastars.

About Meritrust Credit Union

Meritrust was originally chartered in December of 1935 when employees from the Stearman Aircraft Company in Wichita organized an employees’ credit union. In 2009, in an effort to communicate who they were as a credit union as well as to attract new members across their Kansas service area, the credit union became Meritrust Credit Union. Their new name is an extension of the two pillars of their unsurpassed service: merit and trust. Today, Meritrust is the largest Kansas credit union and has branches in Wichita, Derby, Lawrence, Junction City and Manhattan. Meritrust proudly serves their 77,000 members with 280 employees and nearly $970 million in assets. With a mission of improving the lives of their members and the communities they serve, they strive to be responsible corporate stewards and build a friendly, member-focused culture. Meritrust was ranked no. 3 of credit unions nationwide—and the only credit union in Kansas—for the value returned to members by Callahan & Associates, a national research and consulting firm that analyzes credit union performance. Meritrust was also ranked in the top 20 of best performing credit unions in the nation by SNL Financial, a financial services industry analysis firm – the only credit union in Kansas to be included in the ranking of the 50 best performing credit unions.

RELEASE DATE:

Friday October 3, 2014

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