ISU Federal Credit Union Announces Appointment of New President and CEO Effective October 1



HIGH EARTH, Ind. (WTWO / WAWV) – With the upcoming retirement of former President and CEO Trent Kerr, the Indiana State University Federal Credit Union Board of Trustees on Friday announced that Marie “Sam” Shanks will be the new President and CEO of ISUFCU effective October 1.

Shanks has worked at ISUFCU his entire career, according to a press release. She started as a student at the credit union in 1982, not realizing that she was establishing her professional roots.

After graduating from Indiana State University in 1985 with a degree in computer science with a minor in business administration, Shanks has been appointed Executive Vice President of ISUFCU. In 1991, she graduated from the Credit Union National Association Management School and was also an inaugural member of the Innovations for Indiana Credit Unions through the Indiana Credit Union League.

“I’ve been a part of the organization through years of expansion and growth and with that my commitment to the Credit Union and ISU community has followed suit,” Shanks said. “Looking back, I never intended to be a leader of this organization, but now more than ever, I am dedicated to the philosophy of the financial cooperative.

“On behalf of the ISU Credit Union Board of Directors, I am delighted to announce that Marie ‘Sam’ Shanks will be the next President / CEO,” said Andrew Southard, Chairman of the Board of Directors of the ISU Credit Union. ISUFCU. “Over the years, Sam’s drive, determination and perseverance have led her to excel in her former role as Executive Vice President. I know Sam will be a great president / CEO. The Board of Directors looks forward to seeing his success and the growth of the credit union under his tenure.

Outside of ISUFCU, Shanks said she was very involved in the community. She is currently Vice-Chair of the Indiana State University Foundation Board of Trustees, is a Board Member of Wabash Valley Art Spaces, a Member of the Parish Council and Finance Committee of St. Benedict’s Church, and a former volunteer of the Catholic youth ministry of Terre Haute.

Sam Shanks and her husband, Ted, have three daughters: Abby, Natalie and Rosalie.


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