The Bank Slate


Minnesota credit union hires banker as next CEO

Mid Minnesota Federal Credit Union in Baxter, Minn., has hired a banking veteran as its president and CEO.

The $661 million-asset credit union said in a press release that Bob Gerads succeeded Chuck Albrecht, who retired last year. Gerads was the chief deposit officer at Falcon National Bank in Foley, Minn.

“I know I speak for the rest of the board when I say we are overjoyed to welcome Bob to Mid Minnesota Federal Credit Union,” Theresa Goble, the credit union’s chairman, said in the release.

“We are very proud of how far we’ve come as an organization through our 66-year history, and we are excited about the opportunity of continued success with Bob leading the way,” Goble added.

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