CEO Announces Retirement After 46 Years with America First Credit Union



CEO Announces Retirement After 46 Years with America First Credit Union

Riverdale, Utah – Jan. 5, 2021 – John B. Lund, president and CEO of America First Credit Union in Riverdale, Utah, has announced plans to retire in the spring of 2021, more than 46 years after first joining the institution. Thayne Shaffer, the credit union’s chief information officer (CIO), has been selected as Lund’s successor.

Since Lund became president and CEO in 2012, America First Credit Union has expanded its branch network from 104 to 128, increased assets from $5.5 billion to $14.2 billion, and membership numbers increased from 592,309 to 1,159,227.

“John, a tremendous person and a profoundly esteemed leader, has shown acuity and keenness of thought in every decision he has made,” said Linda Carver, chair of the board of directors for America First. “He has had a remarkable ability to understand and position the credit union for new opportunities to assure our long-term and continued growth. We are grateful for the extraordinary contributions John has made to propel America First and the credit union industry forward.”

Lund, whose retirement is effective April 1, 2021, quickly rose through the ranks. Most recently, he served as executive vice president. He first started in 1975 as the credit union’s courier.

“It’s been an honor to work with so many talented people and serve so many kind members,” said Lund. “I am certain America First members and colleagues will continue to thrive under Thayne’s leadership, using teamwork to strengthen relationships and our communities.”

Shaffer has worked at the credit union for more than 33 years and was appointed CIO in May 2019. His recent responsibilities included cyber security, enterprise systems, programming, database administration, quality assurance, and network operations.

“I am excited for this opportunity and will focus on executing the strategic priorities that have been set,” said Shaffer.

Most recently, Shaffer was appointed to senior vice president and controller in 2014. Between 2009 and 2019, he supervised multiple mergers and, in 2018 and 2019, served as staff coordinator for the Enterprise Risk Management committee.


John B. Lund is retiring as president and CEO of America First Credit Union (left). He will be replaced by Thayne Shaffer, America First’s chief information officer (right).




Proudly celebrating 81 years of servicing members and a long-standing history, America First Credit Union has become one of the largest, most stable and most progressive credit unions in the country, and has remained a member-owned, not-for-profit cooperative financial institution. Today, America First has 128 locations, and is the eighth largest credit union in assets in the United States with over $14.1 billion, and the sixth largest credit union in membership in America with more than 1,159,000 members.


Nicole Cypers
America First Credit Union

Kelsey Richardson
R&R Partners