Truliant Promotes Johnson to Chief Financial Officer
WINSTON-SALEM, N.C. (December 26, 2023) – Truliant Federal Credit Union announced today that it has promoted Linell Johnson to the role of Chief Financial Officer. Previously, he was senior vice president, controller.
Effective January 1, 2024, Johnson will become CFO and guide strategy with Truliant’s chief planning team. He will lead all financial administration, accounting and budgeting initiatives, stewardship of company assets, and cash management operations. His role will also include oversight of electronic funds and payment processing, risk management and treasury areas. He reports to Truliant President and CEO Todd Hall.
“Linell is a seasoned leader who has grown with Truliant in progressively larger roles,” Truliant’s Hall said. “He has distinguished himself through his depth of knowledge and a people-first mindset, helping our members and the Truliant organization reach greater heights. Linell will be a major asset to our top leadership.”
Johnson succeeds a long-time credit union industry leader, Cosby Davis, who is retiring as CFO at Truliant at the end of 2023. Davis has spent four decades overseeing financial activities in the credit union industry and healthcare.
“I would like to extend my deep gratitude to Cosby for his service to Truliant and to the credit union industry. He is a consummate professional whose commitment to high standards have provided a lasting benefit for our members,” Truliant’s Hall said.
Johnson, a veteran of the credit union industry, has served in several financial and accounting leadership roles at Truliant. He joined the credit union in 1994, and worked in accounting before becoming its first financial analyst in 1997 – developing organizational and profitability systems, and refining budgeting processes. He became vice president, controller in 2017.
Johnson previously led Truliant’s financial reporting, operational accounting, internal controls, financial policies, and financial analysis departments. He has also provided oversight of budgeting, and risk analysis, fixed asset management, and ACH processing.
He has also led teams through core conversions and implementations of accounting and financial reporting systems. He provided leadership for initiatives including financial modeling for Truliant’s branch network, financial reporting for its CUSOs (Credit Union Service Organizations), lease accounting, and credit risk modeling.
Johnson serves as treasurer for Truliant’s Political Action Committee. He has served with organizations including Victory Masonic Credit Union and Goler Memorial A.M.E. Zion Church. He is co-founder and former coach of the Winston-Salem Roadrunners Track Club.
Johnson earned a Bachelor of Science in Accounting from High Point University, and successfully completed the Certified Public Accountants exam there in 2003.
About Truliant Federal Credit Union
Truliant is a mission-driven, not-for-profit financial institution that improves lives by providing great service and straightforward financial solutions. Truliant was chartered in 1952 and now serves 323,000+ members. Truliant has more than 35 Member Financial Centers in North Carolina, South Carolina and Virginia.
FOR MORE INFORMATION:
Contact: Heath Combs
[email protected]
(o) 336.293.2054 (c) 336.442.5736
