Tom DeWitt, president and chief executive of State Farm Federal Credit Union in Bloomington, Illinois, is retiring in August.
DeWitt has been with the $5.7 billion-asset credit union for roughly 31 years. Steve Gorrie, who has been chief financial officer for the credit union since 2011, will succeed DeWitt on Aug. 1.
Tom DeWitt (left), president and chief executive of State Farm Federal Credit Union and Steve Gorrie (right), chief financial officer of SFFCU. Gorrie will take over as CEO after DeWitt retires in August.
State Farm Mutual Automobile Insurance Co.
“Steve is a seasoned leader and a familiar face to our members and staff … He brings a wealth of financial and industry experience and an in-depth understanding of the SFFCU mission, vision and values that will help lead us well into the future,” Holly Roberts, chairperson for the SFFCU board, said in a press release Monday.
DeWitt is also the chairman of the board of the National Association of Federally-Insured Credit Unions and was a member of the board of the Illinois Credit Union League from 2007 to 2011.
“He sees members and staff as his extended family, and anyone who knows Tom knows his commitment to family … Not only is SFFCU in a strong and secure financial position, but the positive work environment he has helped create resonates with both SFFCU staff and members alike,” Roberts said in the release.