Lloyd Fredendall is the President and Chief Executive Officer. Lloyd has been the President & CEO of NuMark Credit Union since the merger between the NuMark and NorthStar Credit Unions on January 1, 2021. Prior to the merger Lloyd spent forty years working in the financial institution arena, thirty as the President & CEO of NorthStar Credit union. He has served on numerous Chamber, CUSO, charitable, and credit union industry organization Boards of Directors over the years.
Upon graduation from Northern Illinois University in DeKalb, Illinois with a Degree in Finance, Lloyd began his career as a Bond Underwriter for troubled Banks and Savings and Loan Associations. He then moved on to the Federal Home Loan Bank of Chicago as a Field Examiner during the Savings and Loan Crisis, where he served as both Examiner-in-Charge and Assistant Examiner on Savings and Loan regulatory and safety and soundness examinations across the United States.
Lloyd became involved in the credit union industry when he accepted a position at the State of Illinois Department of Financial Institutions (DFI), Credit Union Division. Serving as both Assistant Supervisor & Acting Supervisor of the Credit Union Division, his responsibilities included the oversight of all Field Examiners and was charged with oversight of the regulation, supervision, and examination of all Illinois State Chartered Credit Unions. Lloyd left the Department of Financial Institutions to become President of the NaperTech Federal Credit Union which after converting to a State of Illinois charter changed its name to NorthStar Credit Union.