Primary Financial Names New Officers, Re-Elects
COLUMBUS, OH - Primary Financial Company LLC, a credit
union service organization (CUSO) owned by twenty-nine
corporate credit unions, appointed new board officers and
announced the results of its board election during its annual
meeting in Miami recently.
Lew Lambert, president of Minnesota operations for
Mid-States Corporate FCU, was named board chair. Jeff Navin,
vice president/CIO for Constitution Corporate FCU, was
appointed vice chair. Bob Burrell, executive vice president
and chief investment officer of WesCorp, will continue to
serve as treasurer. Kathy Garner, president/CEO of Northwest
Corporate FCU, will serve as secretary. Garner was also
re-elected to a three-year term on the board of directors.
In addition to the officers, Lee Butke, president/CEO for
Corporate One FCU, and Greg Moore, president/CEO of Georgia
Central CU, serve as directors. Moore was also re-elected to a
three-year term on the board of directors.
Lambert has held his present position with Mid-States since
December 2003. Prior to that, he was the CEO of Minnesota
Corporate FCU from December 1990 through the December 2003
merger with Mid-States. Prior to that, he held various
commercial lending and administrative positions with the St.
Paul Bank for Cooperatives, Farm Credit Services, and the
National Cooperative Bank. Lambert was a director of U.S.
Central Credit Union from 1995 to 2004, serving as board chair
from 1997 to 1999. He is a graduate of the University of
Minnesota with degrees in agricultural business administration
Navin manages Constitution Corporate’s fixed-income
portfolio, the cash management process, securities, custody
and the creation of liability products to fund the portfolio.
Previously, he was Constitution’s vice president for risk
management and also served as the corporate’s chief compliance
officer. He has over 20 years of professional experience in
banking and financial services. Prior to joining Constitution,
he was an assistant portfolio manager at Conning Asset
Management. Navin earned an MBA with a concentration in
finance from the University of Connecticut, and a bachelor's
degree in economics and finance from the University of
Hartford. He is a Chartered Financial Analyst (CFA).
Burrell directs the investment division of WesCorp and has
been involved in financial markets for more than 30 years.
Prior to joining WesCorp in 1997, he was senior vice
president/group manager of capital markets and portfolio
management at Boatmen’s Bankshares in St. Louis. Burrell has
served on the faculties of several graduate banking schools,
is editor in chief of WesCorp’s risk management magazine,
InsideRISK, contributing editor to the Bank Funds Management
report, and co-author of the Commercial Bank Investment
Management Manual. He attended the University of Leeds in the
Garner has served in her current position with Northwest
Corporate since 1995. Prior to that, she was an Investment
Adviser with Corporate Network Brokerage Services, Inc.'s
investment management division, and she spent nine years with
U.S. Central in the asset/liability department. She currently
is the board chair of CU Business Group, LLC and also serves
on the board of U.S. Central and currently is the vice chair.
Garner holds a bachelor's degree in finance from Utah State
University and an MBA from the University of Missouri/Kansas
Moore began working for Georgia Central in 2002 as
president/CEO. Prior to that, he worked for U.S. Central where
he held positions including portfolio manager,
asset/liability; managing director, investment sales; and vice
president, relationship management and member services. He
holds a bachelor’s degree in business administration from the
University of Kansas and holds NASD Series 7 and 63
Primary Financial Company LLC, with offices in Columbus,
Ohio and Columbus, Indiana, is a credit union service
organization (CUSO) owned by twenty-nine corporate credit
unions. Primary Financial has been in business since 1996 and
currently serves nearly 2,900 credit unions throughout the
United States through its SimpliCD certificate placement
service, with $2.35 billion in credit union investments
For more information, please contact Paul Hixon at
800/282-2560 ext. 9313.