Leadership Change Press Release
 

Owatonna, MN – March 2025 – Chad Corcoran has been named the President and CEO of HomeTown Credit Union following the recent retirement of Kim Westphal. Chad Corcoran has been with HomeTown Credit Union for nine years. With over 16 years of experience in the financial industry, Chad has been instrumental in the credit union’s expansion, overseeing a $160 million increase in assets, a $125 million growth in loans, and an expansion of membership eligibility to a 26-county area.

“I am honored to step into the role of CEO and continue building on the strong foundation that Kim and our team have created,” said Chad Corcoran. “HomeTown Credit Union is committed to innovation, growth, and delivering exceptional service to our members and communities.”

Nicole Schulz, Chair of the Board of Directors, emphasized the Board’s confidence in Chad, stating, “Chad’s leadership, vision, and deep understanding of HomeTown’s values make him the perfect fit for this role. We are grateful for Kim’s extraordinary leadership and her unwavering dedication to our members. Her impact will be felt for years to come.”

About HomeTown Credit Union:
 Founded in 1974, HomeTown Credit Union has grown from its humble beginnings in the basement of OTC to a full-service financial institution serving over 25,000 members across 26 counties in southern Minnesota. Guided by its core values of Community, Integrity, Education, Member Advocacy, and Commitment, HomeTown Credit Union remains dedicated to providing sound financial services and fostering financial wellness.