SouthPoint Financial Credit Union Announces Key Leadership Promotions in Strategic Reorganization

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SouthPoint Financial Credit Union reached a new milestone, surpassing $500 million in assets in December 2021.

(Sleepy Eye, MN – January 1, 2025) – SouthPoint Financial Credit Union, a leading cooperative credit union, announced key leadership promotions as a result of the credit union’s significant growth and expansion, and in preparation for future growth opportunities.

Troy Diedrich, previously Chief Experience Officer, has been promoted to Executive Vice President (EVP). Troy has been instrumental in enhancing our member experience and will now play a larger role in driving our strategic initiatives and credit union growth.

Bob Schmid, formerly Director of Business Services, has been promoted to Chief Lending Officer. Bob’s extensive expertise in business services will be vital in driving SPFCU’s lending strategies and operations.

Jeff Anderson, previously Director of Consumer Lending, has been promoted to Vice President of Lending. Jeff will lead lending operations with a focus on innovation and member-centric solutions and experiences.

“These promotions are a testament to the talent and dedication of our team,” said Jay Gostonczik, CEO of SouthPoint Financial Credit Union. “We are committed to fostering a culture of growth and opportunity, ensuring that we continue to add value and provide exceptional service to our members. I am confident that these leaders will drive our organization forward.”

SouthPoint Financial Credit Union looks forward to the positive impact these changes will bring to the organization and remains dedicated to Empowering People to Enhance Lives.

About SouthPoint Financial Credit Union (www.southpointfinancial.com): SouthPoint Financial Credit Union is a not-for-profit financial cooperative founded in 1936 with over $535 million in assets and over 32,000 members. SouthPoint provides a full array of financial products and services, including savings, checking, loans, mortgages, insurance, investments and online and mobile options. SouthPoint is proud to serve communities across 23 counties in southern Minnesota and currently has 8 branches in Springfield, Sleepy Eye, New Ulm, St. Peter, North Mankato, Hutchinson, Waconia, and Buffalo.

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