The Board of Directors of Indiana Members Credit Union in Indianapolis has appointed John Newett as chief executive officer. Newett will succeed Ron Collier, who is retiring in December after 37 years with the credit union.
Newett, who is currently senior vice president of operations at IMCU, will serve as president while Collier continues his service as CEO. Newett is set to begin his role as CEO on January 1.
“John’s dedication, leadership, strong financial background, and proven success position him well for this role,” said Robert Martin, board chairman. “Our Board of Directors is confident that John will continue to build on the IMCU legacy of member service, growth and success.”
Newett joined IMCU in 2011 as director of planning and administration and was promoted to SVP of operations in 2016. Before joining IMCU, he served as president and CEO of Indianapolis-based Harvester Financial Credit Union.
“I am extremely honored to have the opportunity to lead the IMCU team in this new role, and appreciate the confidence that our board has placed in me and our existing team,” said Newett. “I am very proud of our accomplishments thus far and would like to thank Ron for his leadership over the last four decades. I look forward leading IMCU’s efforts as we continue to strive to be the best financial institution for our members, and a top workplace and partner in the communities we serve.”
IMCU says Newett has more than 26 years of experience in the financial services industry.