Community First Credit Union, one of the state’s largest credit unions with membership open to anyone on the First Coast, announces it has promoted Nathaniel Herring, Jr., to serve as its SVP of operations. Mike Tomko, the credit union’s SVP of operations for the past 11 years has accepted a new position as CEO of BrightStar Credit Union, serving Broward and Palm Beach Counties.
Since April 2014, Herring has served as Community First’s VP of business lending, a new position for the credit union. In 2014, Herring and his team were responsible for a 93% increase in the institution’s business loans and setting an organization record for annual business loan activity. Community First intends to replace Herring in the position of VP of business lending but a successor has not yet been named.
“We are proud Mike is becoming a CEO in the credit union family and we are thankful for his service to our organization” said John Hirabayashi, president and CEO of Community First. “Developing leaders and talent is a core value at Community First and Mike and Nate both personify this commitment.”
As SVP of operations, Herring will oversee all operations of the credit union’s growing network of branches. He will oversee branch sales activity as well as the credit union’s physical facilities and member contact center.
A native of Jacksonville, Herring, Jr., CFP®, MBA has more than 21 years of banking and financial experience and leadership. He served as Jacksonville city president of Fifth Third Bank from 2008 through 2012 after 15 years with the former Wachovia (now Wells Fargo). Prior to joining Community First in April 2014, Herring served as a senior banking consultant with St. Meyer & Hubbard. Herring earned his MBA from Wake Forest University, earned a BBA in management from the University of North Florida (UNF), is a certified financial planner (CFP) and is a recent graduate of LifeWork Leadership. He is married to Dr. Kymberli Clarke Herring and they are raising four sons.
Herring currently serves as a board member for Baptist Medical Center Beaches and the United Way of Northeast Florida. He is a former board member of the JAX Chamber and is a graduate of the Leadership Jacksonville Class of 1998. He also currently serves on the UNF Coggin College of Business Advisory Council and is a past member of the Wake Forest School of Business Board of Visitors. He is also a member of Kappa Alpha Psi and Sigma Pi Phi.
In 2014, Community First Credit Union upgraded the products and services it offers businesses large and small. This new, comprehensive suite of business products includes all the financial services businesses need, including loans, credit card processing, payroll services and a new mobile banking platform offering mobile deposits for business.
Community First Credit Union of Florida is a state-chartered credit union based in Jacksonville serving anyone who lives or works on the First Coast. Community First is one of the 10 largest credit unions in the state, serving more than 109,000 members and with assets of $1.3 billion. Community First has 17 locations and 300 employees. A not-for-profit, Community First is a full-service financial institution offering banking, loans, mortgages and investments for consumers and businesses throughout the First Coast.