Kevin Gorman named as Interim Superintendent of Credit Unions as Katie Averill Accepts Private Sector Position
DES MOINES, Iowa — The Iowa Department of Insurance and Financial Services today announced that Superintendent of Credit Unions Katie Averill is stepping down to accept a position in the private sector. Kevin Gorman, deputy superintendent and an experienced Credit Union examiner, will assume the role of interim Superintendent of Credit Unions on October 23, 2026.
“Katie Averill has served Iowans with distinction for nearly a decade, ensuring a safe, fair, and thriving regulatory environment for our state’s credit unions. I’m grateful for her leadership and wish her well,” said Governor Kim Reynolds. “I look forward to working with Deputy Superintendent Kevin Gorman as he steps in as interim Superintendent of Credit Unions to ensure continuity of service to the industry during this transition.”
“I am honored to step into the role of Interim Superintendent and continue serving Iowans and our credit union industry,” said Gorman. “I look forward to leading our dedicated team as we maintain a fair, safe, and sound regulatory environment that supports both credit unions and consumers across the state.” Gorman succeeds Averill who has served as Superintendent of Credit Unions since her appointment in 2017.
“I want to thank Governor Reynolds for appointing me nearly ten years ago; it has been a true honor to serve in this role,” Averill said. “It has been a privilege to serve Iowans alongside Commissioner Ommen, Superintendent Johnson, and in national leadership roles with the NCUA and National Association of State Credit Union Supervisors. I also congratulate Kevin, and I am confident that he and the Iowa Credit Union Division’s exceptional team will continue their dedicated work for Iowans and the credit union industry.”
“Governor Reynolds’ decision to align state government agencies has allowed for better coordination between regulators of insurance, banking and credit union industries,” said Iowa Insurance Commissioner Doug Ommen. “It has truly been a pleasure working with Katie. Katie has been an especially strong advocate of common-sense regulation and the financial wellness of all Iowans. Kevin’s expertise will continue to be a great asset for the department, and I appreciate his leadership with the Iowa Division of Credit Unions.”
“Our agencies work side by side every day to protect Iowans and ensure our state’s financial institutions remain strong and reliable,” said Iowa Superintendent of Banking James Johnson. “I look forward to working closely with Kevin Gorman as he steps into this role to lead the Division of Credit Unions.”
Gorman brings nearly 28 years of regulatory experience to the post. He currently serves as deputy superintendent in the Division of Credit Unions, leading examinations. He holds a bachelor’s degree in finance from Loras College and resides in Cedar Rapids with his wife and daughter.
The Department of Insurance and Financial Services protects consumers and ensures regulated entities operate in a safe and sound manner by applying a fair, effective, and positive environment for the entities we supervise and regulate that adheres to applicable laws and regulations while also promoting consumer education and promoting financial literacy for Iowans.
