ST. PAUL, MN (July 2, 2013) Hiway Federal Credit Union (Hiway) announced that its Board of Directors has named Dave Boden as the new President/CEO. Jeff Schwalen, current President/CEO, will retire in October after 23 years of service.
“For the last six months, a committee of the Board of Directors has conducted an extensive search to find a leader to replace our retiring President/CEO, Jeff Schwalen,” said Pam Tschida, Board Chair. “It was important for us to find a leader who could build on Hiway’s success and unique culture. After interviewing some very experienced candidates, the Board of Directors selected Dave Boden, Hiway’s current Vice President of Technology and Chief Information Officer, to fill the role. Dave is well-prepared to lead the organization,” said Tschida. “He has demonstrated strong leadership skills and has an excellent working relationship with the management and staff. Dave fully embraces our core values and mission and is focused on optimizing the member experience at Hiway.”
"I'm honored to be asked to serve as Hiway's next President/CEO,” Boden said. "Hiway has long exemplified the credit union mission, focusing on community involvement and helping our members by offering them an outstanding array of products and services, great rates and truly personal service. At the same time, we're in an era of incredible technology and social change. Rapid adoption of smartphones and tablets, wireless internet and social connectivity has enabled a new model of 24/7 anytime, anywhere access to accounts, financial services and payments. Hiway will build on our traditional strengths, while embracing new models of web, mobile and social financial service delivery." Boden added, “I would like to thank Jeff for his years of service to the credit union and its members, and for his mentorship and support since I started with Hiway. He's been a friend and I wish him well in his retirement.”
Boden has 25 years of experience in the financial services industry, with 16 years in a senior management capacity and the past 10 years as Hiway’s Vice President of Technology. He has led various areas through his career, including all aspects of Information Technology, Card Services, Facilities Management, Teller Operations, Electronic Service Delivery, Business Continuity and Strategic Planning and Security. Dave is a graduate of the University of Wisconsin-Madison with a B.S. degree in Industrial Engineering. He has been active in political affairs with the Minnesota Credit Union Network, and serves on the CIO Advisory Board for Fiserv’s XP2 Division and the Technology Council at PM Systems, Hiway’s online banking services provider.
About Hiway Federal Credit Union
Hiway Federal Credit Union was founded in 1931 to serve the employees of the Minnesota Highway Department. Today, Hiway serves over 60,000 members in Minnesota and around the country, registers $912 million in assets and welcomes new membership from government employees, select employee groups, organizations and businesses. Hiway prides itself on exceptional member service, and offers its members lower loan rates, higher savings rates and fewer and lower fees.
Hiway is a national leader. Callahan and Associates, a Washington, D.C.-based credit union consulting firm, ranks Hiway in the top 6 percent among its peers in delivering value to members. Hiway has also been recognized as a REAL Deal™ credit union, an acknowledgment of its outstanding member and community outreach initiatives. Learn more about Hiway at hiway.org or by calling 877.GO.HIWAY (877.464.4929).