Truliant Federal Credit Union announced Thursday that Todd Hall will be its new president.

Former President Marc Schaefer will continue to serve as the company’s chief executive officer.

Hall was the company’s former chief operating officer and joined the credit union in August 2012. He has helped streamline Truliant’s processes with the Member Financial Centers, mobile/digital channels and the Member Contact Center.

Before joining Truliant, he held multiple executive roles in southeastern financial institutions. He completed his Master of Business Administration degree at Wake Forest University and received his bachelor’s degree from the University of South Carolina.

“Todd has demonstrated his impressive commitment to Truliant and its members for over five years as COO,” Schaefer said in a release. “Our leadership teams have blossomed and grown with his guidance as we continue to develop the financial and leadership foundation for our future.”

Schaefer has been the credit union’s CEO since 1995 and has had over 30 years of experience in the field.

Truliant is a not-for-profit financial institution that provides financial guidance and affordable financial services. The company serves over 200,00 members and has 33 centers in North Carolina, South Carolina and Virginia.