Skip to content Skip to left sidebar Skip to right sidebar Skip to footer

Lingerfelt announces retirement from CFCU, Banks named new CEO

Amy Banks (Contributed photo)
Sandy Lingerfelt (Contributed photo)

From Staff Reports

After a 43 year career of serving members at Clinchfield Federal Credit Union (CFCU), CEO Sandy Lingerfelt will be retiring at the end of the year. 

Lingerfelt began her career at CFCU in 1977 and was promoted to CEO in 1985. Holding many leadership positions, which include chairman of the Board of Directors of the Tennessee Credit Union League and chairman of the Audit Committee of CUNA, she was also the second person to be inducted into the Tennessee Credit Union Hall of Fame. She has been a strong voice in the credit union industry and will certainly be missed.

Lingerfelt is widely known as the lady who makes the bread; her bread has opened many doors and helped to develop friendships and contacts all over the country. Lingerfelt’s dedication to CFCU has created an atmosphere of loyalty, professionalism and financial stability for Unicoi County. 

“I feel very blessed to have enjoyed a 43-year career at CFCU and even more blessed knowing Amy Banks and our caring staff will continue taking care of our members the way they deserve to be taken care of,” Lingerfelt said.

Amy Banks, currently the senior vice president of operations at the credit union, has been named by the Board of Directors to assume the role of CEO effective Jan. 1, 2020. Banks started her career at the credit union as a part-time teller and has moved up the ranks in her 29 years of experience there.   

Banks is involved in numerous community activities, an active member of Evergreen Freewill Baptist Church, and obtained her Certified Credit Union Executive designation from the Credit Union National Association.

“I am honored to be named as the new CEO of Clinchfield Federal Credit Union, and I am excited about the opportunity to continue building on our history of success,” Banks said. “It is important to me to remain a strong supporter of our community and to provide the best member service to our members.”

“Banks is a great fit for the culture that Lingerfelt has set at Clinchfield Federal Credit Union,” said Wade Tilson, chairman of the CFCU Board of Directors. “It is with much respect and appreciation for both ladies to honor one’s retirement while welcoming another’s new leadership. The legacy that Sandy Lingerfelt has built will continue and CFCU will most definitely grow and prosper under the new leadership from Banks as well.”