TOMAH, Wis. – The $50-million Tomah Area Credit Union has named a new CEO to succeed John Laufenberg.
Todd Scholz has been named to the position effective Jan. 1, Laufenberg has announced plans to retire.
Most recently, Scholz was the president/CEO of Enterprise Credit Union for six-and-a-half years. Prior to that appointment, he was the vice president of lending at Guardian Credit Union for four years. Scholz has more than 21 years of experience in leadership roles for financial institutions including Chase Bank and Bank of America.
Scholz is a graduate of the University of Wisconsin-Milwaukee with a bachelor’s degree in accounting and Concordia University Wisconsin with a master's of business administration. He completed CUNA Management School and holds a Certified Credit Union Executive designation.
Meanwhile, in Lake Mary, Fla., CFE Federal Credit Union announced that Joseph A. Melbourne, Jr. will be retiring as president and chief executive officer effective March 31, 2017. The credit union has also announced his replacement.
Melbourne has been with CFE for 22 years, serving as president and CEO for the past 19 years. Under his leadership, the credit union grew from $373 million in assets and 10 branches to nearly $1.7 billion with 22 branches, 42 ATMs, a 24/7 call center, and a robust suite of electronic channels including mobile banking with remote deposit capture. The credit union said that in 2006 Melbourne was instrumental in converting the credit union to a community-based charter, a key reason for the rapid expansion to serve nearly 150,000 members in Central Florida. More recently, he has guided the credit union’s strategic initiative to form partnerships with educational institutions in the market, including the University of Central Florida, the second largest university in the nation; Seminole State College; and Strayer University.
Melbourne has served in a leadership capacity for both the credit union industry and the Central Florida community. His industry board service includes the League of Southeastern Credit Unions Service Group, Credit Union Service Corporation, Florida Credit Union Shared Services, and the Cypress Group, among others. He currently serves on the UCF Foundation board, and on the boards of A Gift For Teaching, Kids House of Seminole County, and the Florida Hospital Diabetes board.
He was selected as the Professional of the Year by the National Association of Federal Credit Unions in 2005. He was recognized for his leadership in educational excellence by the Orange County School board in 2007. In 2008, he received a lifetime achievement award as Professional of the Year from the Florida Credit Union League. In 2014 Mr. Melbourne was listed among the Orlando Business Journal’s Central Florida CEOs of the Year.
Kevin S. Miller has been selected by the board to succeed Melbourne as the credit union’s next president and chief executive officer upon Melbourne’s retirement on March 31, 2017.
Miller is currently executive vice president, chief administrative officer, and general counsel for CFE. Born and raised in Michigan, he graduated from the University of Pittsburgh and earned his JD degree from Emory Law School in Atlanta. Miller has also obtained the NAFCU Certified Compliance Officer designation and completed the Credit Union Executives Society (CUES) Certified Chief Executive program. Since joining the credit union in 2004, he has held responsibility for Regulatory Compliance, Legal, Collections, Human Resources, Card Services, Business Services, Facilities, and Development. Previously, Miller was an attorney at Graham, Builder, Jones, Pratt & Marks, an Orlando law firm.