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Elgin credit union announces new president/CEO

Elgin credit union announces new president/CEO

Stefanie Rupert will step up to lead $830 million Illinois credit union

Elgin, Ill. — August 13, 2024 — Corporate America Family Credit Union (CAFCU) announced today the appointment of Stefanie Rupert as its new president and chief executive officer. Selected by CAFCU’s board of directors, Rupert will lead the Elgin-headquartered institution, which boasts an asset size of approximately $830 million, operates 20 branches, employs over 220 individuals, and serves more than 67,000 members nationwide.

Rupert brings over three decades of experience in the financial industry to this role, having most recently served as interim president and CEO of Town and Country Credit Union.

“We are confident that Stefanie will provide the visionary leadership our members seek to usher our credit union into a new era,” stated Thomas Rieck, chair of the board. “We are delighted to welcome her as the new president and CEO of our credit union family.”

Rupert's extensive background in financial services, coupled with her proven leadership capabilities, rendered her the ideal candidate for CAFCU. Her unwavering commitment to member service and innovation aligns seamlessly with the credit union’s strategic objectives and core values.

“It is with great humility and honor that I assume this significant role at a time when the credit union is well-positioned to address new challenges and seize emerging opportunities,” said Rupert. “I eagerly anticipate collaborating with my colleagues across the organization to deliver exemplary products and services to our members, who deserve nothing less than the best.”

Rupert holds a bachelor’s degree in business administration from Michigan State University and a master’s from Aquinas College. Additionally, she is a Certified Credit Union Executive (CCUE) and has received numerous accolades in recognition of her contributions to the industry.

Rupert succeeds Peter Paulson, who served as CAFCU’s president/CEO from 2007 to 2024.

About CAFCU 

CAFCU is a member-owned, not-for-profit financial cooperative serving thousands of members across America. Headquartered in Elgin, Illinois, the credit union was founded in 1939 by 15 employees of Automatic Electric Co. in Chicago, who pooled their resources to lend to one another at lower-than-average interest rates. Today, CAFCU is a full-service credit union offering nationwide access to a full suite of digital banking products and services, from low-rate auto and home loans to federally-insured checking and savings accounts. As part of their focus on financial empowerment, CAFCU also offers free financial wellness resources, including free financial coaching.

Learn more about CAFCU at https://www.cafcu.org. Follow CAFCU on Facebook, Instagram, and YouTube at @cafcu.creditunion.


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