Kevin Gorman to Lead Iowa Credit Union Office
The veteran regulator will transition to the interim superintendent role starting October 23.
Updated on Oct. 20, 2026 in People
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The Iowa Department of Insurance and Financial Services announced that Superintendent of Credit Unions Katie Averill will resign to join the private sector. Deputy superintendent Kevin Gorman is set to replace her in an interim capacity on October 23, 2026.
Why it matters
The leadership change marks the end of a nine-year tenure for the office of the superintendent. Gorman brings nearly three decades of regulatory experience to the position as the department manages credit union oversight for Iowa residents.
Kevin Gorman brings 28 years of regulatory experience to the post. This professional background follows the departure of Katie Averill, who has served as the superintendent since 2017.
The players
Kevin Gorman
He is the incoming interim Superintendent of Credit Unions who has spent 28 years in regulatory roles.
Katie Averill
She is the outgoing Superintendent of Credit Unions who led the agency starting in 2017.
Iowa Department of Insurance and Financial Services
This is the state agency responsible for the regulation of insurance and financial institutions in Iowa.
The details
Gorman, a resident of Cedar Rapids, currently serves as the deputy superintendent and credit union examiner for the state. He holds a bachelor's degree in finance from Loras College and will step into the leadership role as the department handles its state-wide transition.
Timeline
Katie Averill began her service as Superintendent of Credit Unions in 2017.
The Iowa Department of Insurance and Financial Services announced the leadership change on October 20, 2026.
Kevin Gorman assumes the role of interim Superintendent of Credit Unions on October 23, 2026.
Market Landscape
The appointment of an interim superintendent follows the administrative succession protocols established by state law. This transition ensures continuity in financial oversight as the agency navigates the shift in executive leadership.
The leadership change is an administrative update for the Iowa Department of Insurance and Financial Services. Residents and credit union members should not expect immediate changes to regulatory policies or service access as the department manages the transition.
The takeaway
Leadership transitions in state regulatory bodies are standard administrative procedures designed to maintain institutional stability. Residents can monitor the department website for official updates on long-term appointments following the interim period.
What happens next
Kevin Gorman will officially begin his duties as the interim Superintendent of Credit Unions on October 23, 2026.
Further reading
For more on state agency leadership, see Iowa People.
Source note: This article includes information reported by Oskaloosa News.
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