Credit union CEO to retire

Jan. 4, 2019

Darla Erb plans to retire as CEO of Voyage Federal Credit Union at the end of the year.

Chief operating officer Jeff Schmidt has been appointed CEO-elect and will assume Erb’s duties at the start of 2020.

Erb has spent 38 years in the industry, including 21 as CEO.

She played a critical role in helping the credit union adapt to industry changes — most importantly in the areas of technology and culture, according to a statement from the credit union.

“In the process, she served as an advocate for the credit union movement and contributed to a strong culture of compliance and led the team with strong ethics, a servant’s heart and a clear focus on each employee and member of Voyage,” it said.

Erb’s work has helped the credit union thrive financially, added board chair Gerry Heuer. Voyage has three locations in Sioux Falls and will soon mark 80 years in business.

“Erb has been a mentor to many, and her influence has made an impact on each one of us, and I want to sincerely thank Darla for all she has done for the development and progress of Voyage FCU,” Heuer said. “I have enjoyed working with Jeff in his role as COO and look forward to continuing to work closely with him during his transition to CEO and as we continue serving our expanding market and providing value for our members.”

Credit union CEO to retire

Darla Erb plans to retire as CEO of Voyage Federal Credit Union at the end of the year.

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