NAPERVILLE, Ill.–The Illinois Credit Union League and ICUL Service Corp. have named Tom Kane as president/CEO, effective immediately.
Kane had been serving as interim CEO since May 26, following the surprise resignation of Tom Hession.
For the past 12 years Kane has been executive vice president of the League and LSC, ICUL’s $65-million business subsidiary that provides financial products and services for more than 2,300 credit unions across the country. In this role, he led the operations, finance, information technology, and administrative functions and served as the organization’s chief security officer, the league said.
“I am honored to have the opportunity to lead this organization, which does such a great job of serving credit unions in Illinois and across the country,” said Kane. “It’s a privilege to lead such an experienced and effective team focused on the credit union philosophy of ‘people helping people.’”
Kane’s career over the past 30 years has included leadership positions with Aon Corp., Quaker Oats and the Central Intelligence Agency.
“We are excited to elevate Tom to president/CEO,” said Pete Paulson, ICUL & LSC board chairman. “With his relationships inside and outside the organization, knowledge of the movement and wide range of experience, Tom is uniquely qualified to lead the Illinois Credit Union System.”
Hession departed the league in mid-May after just more than a year in the position. The league did not cite a reason for Hession’s departure in a statement announcing the change, saying only that it “wished him well.” Hession had previously been president/CEO of Washington-based Callahan & Associates, before moving to the Illinois league on May 1 of 2014. He succeeded long-time ICUL President/CEO Dan Plauda in the job.