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Contact: Karen Klugh

Heights Finance Executive Installed as AFSA Chair

WASHINGTON, October 18, 2012 – Timothy Stanley, president & CEO, Heights Finance Corporation, was installed as the American Financial Services Association’s (AFSA) 2012-2013 chair during the association’s 96th Annual Meeting this week in Chicago.

During his one-year term, Stanley will preside over the AFSA Board and Executive Committee meetings, serve as an ex-officio member of all AFSA committees, and represent AFSA at industry and association-sponsored conferences and meetings.
He has been involved in the association’s leadership since 2004, when he joined AFSA’s Board of Directors and Independents Section Advisory Board. From 2007-2009, he chaired the Independents Section Advisory Board. Currently, Stanley chairs the Advisory Board for the AFSA Education Foundation’s EDGE professional development program at Mercer University.
Stanley joined Heights Finance Corporation in April 2003 as its president, and in August 2004 was named president and chief executive officer. He also serves as executive vice president of MidCountry Financial Corp. and MidCountry Bank, Heights' parent and sister companies, respectively. In 2010, he added chief operating officer (COO) of MidCountry Financial Corp. to his duties. As COO, he is responsible for the oversight of the legal, information technology, and human resources functions of MidCountry Financial, as well as ongoing corporate-wide initiatives.
Before assuming his role at Heights, Stanley worked with Wells Fargo Financial, Inc., for 23 years, starting in various branch office positions and progressing to his role as corporate vice president of global learning and development.
Based in Washington, D.C., AFSA (www.afsaonline.org) is the national trade association for the consumer credit industry, protecting access to credit and consumer choice. Its 350 members include consumer and commercial finance companies, auto finance/leasing companies, mortgage lenders, credit card issuers, industrial banks and industry suppliers.
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