Hagerman Announces Retirement

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December 2015

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Hagerman Announces Retirement Board Appoints Lorenz New President/CEO After 35 years at the helm of Linn Area Credit Union, President/CEO Jim Hagerman has announced his retirement. His last official day will be January 4, 2016. Jim notified the Board of Directors of his upcoming retirement over a year ago giving them the opportunity to carefully consider their alternatives in appointing a new President/CEO. Chairman of the Board Howard Rattner stated, “Linn Area Credit Union was fortunate to have a great leader in Jim Hagerman. He has grown the credit union from a tiny financial institution with just 5 employees, 2,500 members and $2.5 million in assets to the 9th largest credit union in Iowa with 100 employees, over 24,000 members and assets of about $360 million. We are grateful for all of the hard work and dedication Jim has shown over the past 35 years. He has been instrumental in making the credit union the success and benefit to its members that it is today.” When asked about the Board’s decision to hire Jenny Lorenz to fill Jim’s shoes, Rattner responded, “Hiring Jenny Lorenz was a unanimous choice. Jenny has been Jim’s second in command for nearly 30 years and has been involved in every big decision Linn Area Credit Union has made in that time. She is driven and dedicated to continuing the success that Linn Area Credit Union has experienced. We are fortunate to have someone of her experience and longevity to assume the President/CEO’s role.”

Best wishes, Jim and congratulations, Jenny! ~From all of us at LACU

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2015 Sportshow Schedule Winter may be around the corner but we have the

perfect indoor playground cure for the outdoor sportsman! Be sure to check out these upcoming shows and then call us or stop by and let us help you get that new toy. Linn Area CU partners with many of the area’s local dealers, making it easy and affordable to purchase that boat and/or RV you’ve been dreaming about!

Iowa Boat, RV & Vacation Show

Warren A. Morrow Memorial Scholarship

January 22 - 24, 2016 UNI-Dome Cedar Falls, IA www.iowaboatandrvshow.com

Cedar Rapids Sportshow February 12 - 14, 2016 Hawkeye Downs Expo Center Cedar Rapids, IA www.cedarrapidssportshow.com

$5,750 in scholarships will be awarded to a few lucky students! Are you a high school senior, currently in college or continuing your education? If so, you may be eligible to snag one of four Warren A. Morrow Memorial Scholarships, made possible by the Iowa Credit Union Foundation. Applicants must complete the online application and write a short essay. Deadline for applications is February 7, 2016. For more details, visit www.IowaCreditUnionFoundation.org.

Protect Your Valuables With a Safe Deposit Box Want an easy and inexpensive way to keep your valuables and important documents safe? Rent a safe deposit box (available in various sizes) at your nearest LACU branch. Rental fees are as low as $10 per year and are automatically taken out of your account. Take precautions now before it’s too late!

Eastern Iowa Sportshow March 11 - 13, 2016 UNI-Dome Cedar Falls, IA www.easterniowasportshow.com

Holiday Hours • Thursday, December 24th: Open 9:00 am - Noon • Friday, December 25th: Closed • Thursday, December 31st: Open 9:00 am - Noon • Friday, January 1st: Closed Good ol’ online banking, Mobile Money, and ART will be available. Have a wonderful holiday!

Locations:

Contact:

Hours:

• 3015 Blairs Ferry Rd NE

ph: (319) 378-0101 or (800) 950-5228 ART: (319) 393-2266 e-mail: [email protected] www.linnareacu.org

Monday - Wednesday: 9:00 am - 5:00 pm Thursday: 10:30 am - 5:00 pm Friday: 9:00 am - 6:00 pm Saturday: 9:00 am - Noon

• 3700 Edgewood Rd SW • 3330 Mt. Vernon Rd SE • 619 20th Ave SW (Drive thru only) • 3375 7th Ave, Marion

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