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SouthPoint Financial CU names successor to retiring president/CEO

SouthPoint Financial CU President and CEO Richard Nesvold is set to retire in the first quarter of 2020.

The Sleepy Eye, Minn.-based credit union promoted Vice President of Retail Services Jay Gostonczik to executive vice president as part of its transition plan.

Under the plan, Gostonczik will first serve as executive vice president, assuming day-to-day operations, then transition to president and CEO upon Nesvold's retirement.