Tom Smith, president and chief executive of TopLine Financial Credit Union in Maple Grove, Minnesota, is retiring.
The $735 million-asset credit union announced that Smith, who joined in May 2008 as chief lending officer and was appointed to his current leadership positions in January 2014, will step down in May. Mick Olson, TopLine's chief financial officer and senior vice president of finance, will pivot into the roles of chief operating officer and executive vice president starting Dec. 1. Olson will succeed Smith upon Smith's departure.
"I would like to thank Tom for his 14 years of dedication to TopLine and the industry. … He has led the credit union with integrity, passion and vision, and under Tom's leadership TopLine has experienced tremendous growth, fostered a culture of inclusion, kept pace with innovation to best serve our members; and has kept a keen eye on the betterment of our communities," Paul Jacobsen, board chair at TopLine, said in a press release Tuesday.
Outside of TopLine, Smith holds directorial positions on the boards of the Minnesota Credit Union Network, the Servion Group, United Financials Capital and North Hennepin Community College Foundation.
"It's been a privilege and honor to have had the opportunity to lead this great organization since January of 2014," Smith said in the release. "I've had this amazing opportunity working alongside my TopLine family delivering on the credit union 'Purpose every day with Passion' to make a positive difference in our members' lives and our communities; this is quite exceptional and unique."
