Grant Wheat has been appointed to the position of Vice President of Risk Management at Verve, a Credit Union. Wheat comes to Verve from Members Cooperative Credit Union in Duluth, MN, where he served in the same role. He has served in senior leadership positions at various financial institutions since 2017.
As VP of Risk Management, Wheat will be responsible for monitoring and mitigating Verve’s operational and strategic risk while ensuring organizational compliance with applicable laws and regulations pertaining to the credit union. He will lead Verve’s Compliance, Fraud, Collection, and Information Security teams.
“Grant brings strong risk management experience to Verve,” said Kevin J. Ralofsky, President and CEO of Verve. “He will deepen our expertise in risk management and internal audit, and his strategic vision will help us best protect the financial health of our cooperative and members.”
In addition to his most current role, Wheat has experience as Risk Consulting Manager at RSM US LLP, VP of Internal Audit at Landmark Credit Union, VP of Audit and Risk at Bank Mutual, and Internal Audit Manager at BMO Harris Bank. Wheat graduated from the University of Houston with a Bachelor of Science degree for a double major in accounting and finance. He more recently earned his Master of Business Administration from UW-Whitewater in data analytics.
“Verve is committed to risk management strategies that best serve the organization and its members,” said Wheat. “I look forward to contributing to this rich culture of effective and consistent compliance and working with Verve’s talented teams to advance the strategic direction of the credit union.”
Founded in 1937, Verve, a Credit Union, is a member-owned, not-for-profit financial cooperative with more than $1.5 billion in assets and serves close to 65,000 members at 20 locations. Membership is open to anyone who lives, works, or worships in 23 counties throughout Wisconsin, Illinois, and Minnesota and to employees of Kimberly-Clark Corp., Fox River Paper Co., the medical services industry, and the immediate family of any current member, or statewide to anyone in Wisconsin, Illinois, or Minnesota through ACC membership. Federally insured by NCUA.