PLANO, Texas (2/29/12)--Kathy Garner has been selected as the new president/CEO of Catalyst Corporate FCU, effective March 5, Catalyst's board of directors announced Tuesday.
Most recently, Garner served as executive vice president of member relations and business development at Catalyst.
She will replace Dianne Addington, who has served as the president/CEO at Catalyst Corporate since it was created in September 2011 from the combination of Georgia Corporate FCU and Southwest Bridge Corporate FCU. Addington had beens tapped by the National Credit Union Administration (NCUA) to run Southwest Bridge when it was conserved prior to the formation of Catalyst. Addington had long indicated her intent to return to retirement once Catalyst Corporate was on its feet and a new CEO was selected.
"I worked closely with Kathy Garner for almost 12 months at one of the most difficult times in the history of this organization," Addington said. "During her time with Southwest, Kathy helped in the development of the low-risk business plan and was instrumental in conducting the Town Hall meetings that led to the capitalization of Catalyst Corporate. She has always been a staunch supporter of Catalyst Corporate."
As executive vice president at Catalyst Corporate, Garner was responsible for correspondent and payment services sales, communications and marketing, member services and the Northwest Regional office. She held that position since the merger of Northwest Corporate FCU with Southwest Corporate in December 2007. Prior to that merger, she was the president/CEO of Northwest Corporate from 1995 to 2007.
Garner worked for U.S. Central FCU from 1984 to 1995, primarily as a manager in the asset/liability department. Prior to that, she was the assistant manager of Corporate Central Credit Union of Utah for more than a year.
Garner has also served as past chair of CU Business Group LLC and Primary Financial Co. LLC, two credit union service organizations partially owned by Catalyst Corporate. She served on the Governmental Affairs Committee for the Credit Union Association of Oregon, and was a board member of the Oregon Credit Union Foundation, the Washington Credit Union Foundation, and the Western Payments Alliance (WesPay). Garner currently serves on the board of the North West Credit Union Foundation.
Lin Hodges, Catalyst Corporate chairman and president/CEO of Associated CU, Norcross, Ga., made the announcement.