Chief Executive Officer

Farmers Insurance Federal Credit Union

Burbank, CA


Position Description

Farmers Insurance Federal Credit Union
$1.5B Assets
Work Location: Burbank, CA

Helping our members live their best financial lives.

Farmers Insurance Federal Credit Union (FIFCU) is a progressive leader in the credit union industry, dedicated to serving our members with innovative financial solutions that enhance their financial well-being. We are committed to fostering a positive organizational culture, cooperative values, and transformative change guided by our organizing principle.

FIFCU seeks its next Chief Executive Officer (CEO), a visionary leader passionate about driving organizational growth and high-quality member service. The CEO must possess a deep understanding of the organization’s structure and relationship with its primary sponsor, Farmers Insurance, and the open field of membership. This highlights a key strategic leadership challenge: balancing resource allocation for member service, risk management, and growth initiatives across current/legacy members (agents, corporate, etc.) and new members (consumer and small businesses from across the nation), all in a manner that reflects the strategy.

The CEO will lead the organization in evolving a positive culture and growth orientation, fostering transformative change, and collaborating closely with the board and executive team to deliver strategic initiatives and refine strategies as needed to drive growth and member services. With our legacy membership and reach extending beyond the direct Farmers Insurance company, the ideal CEO will lead a dynamic organization dedicated to growth and enhancing the financial well-being of our members and community. As a key member of the Farmers Family, the CEO will contribute to the rich history, structure, and membership makeup of FIFCU, shaping the organization’s future within its esteemed community.

Education, Experience, and Responsibilities

BS or BA degree in a business management-related field required; Master’s degree preferred; demonstration of ongoing education and certifications relevant to a financial institution’s leadership.
Executive or senior leadership and experience in a financial institution with assets of
$1 billion or more, or relevant financial institution complexity.
Seven to 10+ years of proven leadership experience in financial institutions and eight years of credit union management experience are preferred.
Advance the credit union’s vision and purpose, fostering a member-centric, positive culture that inspires forward-thinking.
Demonstrates leadership competencies in financial performance, rigorous risk analysis and management, underwriting, and maintaining strong and varied liquidity sources.
Working knowledge and leadership in financial management, investment, credit, and technology, including digital, budget, and capital allocation.
Collaborates with the board and leadership team to establish and deliver strategic imperatives for organizational growth while actively surveying the market and pivoting as needed.
Ensures financial sustainability through ongoing strategic planning, thinking, and management, balancing the tension between financial, member, employee, and community needs, while living the credit union difference.
Leverages futuristic thinking and technology to meet membership needs and seeks opportunities to enhance member credit union offerings through partnerships with fintechs.
Develop a high-functioning, high-performing, collaborative executive team that embraces innovation within a complex strategy context.
Commit to developing high-potential talent as a trademark of our organization to enhance our industry presence and organizational reputation.
Compensation: projected annual cash compensation, which includes base salary and short and long-term incentives subject to performance, ranges from $725,000-$825,000.

ABOUT DDJ MYERS, an ALM First Company
DDJ Myers is the executive search consultant for this organization. Our expertise is in supporting leadership teams in sustainable practices for high-performing organizations through succession planning, leadership development programs, executive coaching, board governance and renewal, and executive search. Please learn more about us at

Job Position Type
Application Deadline
Jun. 1, 2024