Industry Press
The Press Center allows credit unions and their partners to share important news and keep accomplishments front and center in the credit union industry.
Pasadena Federal Credit Union Selects Hector Martin as Chief Strategy Officer (CSO)
Pasadena, CA, January 23, 2025. Pasadena Federal Credit Union proudly announces Hector Martin as its new Chief Strategy Officer (CSO). Martin will drive the Credit Union’s growth and strategic evolution, focusing on enhancing member and employee experiences, strengthening stakeholder engagement, and advancing the Credit Union’s mission to “Engage, Educate, and Inspire every community member.” Overseeing
Education Foundation for California Schools Announces Grant Recipients for 2024 Applicants
The Education Foundation for California Schools, a non-profit organization created by SchoolsFirst Federal Credit Union and the Orange County Department of Education, today announced that it awarded 119 grants to teachers throughout the state to help fund programs designed to encourage students to learn and excel in the core subjects of language arts, science and
Quavo Unveils Winners of Inaugural Trust in Banking Awards
Quavo Fraud & Disputes, a trusted advisor in dispute management solutions, today announced the winners of its inaugural Trust in Banking Awards. Quavo honors seven financial institutions that demonstrated superior performance throughout 2024 in the most critical trust-building areas of disputes: Speed, transparency, customer satisfaction, convenience, efficiency, accuracy, and flexibility.
Abbey Investment Services, LLC purchases Thein Financial, LLC
Abbey Investment Services, LLC, a wholly owned CUSO of Abbey Credit Union, announces the purchase of Thein Financial, LLC.
Redwood Credit Union Commemorates 75th Anniversary with Yearlong Celebration
Redwood Credit Union (RCU) is proud to announce its 75th anniversary with a yearlong celebration in 2025. RCU began in Santa Rosa in 1950 and has since expanded to serve 8 local counties, with 22 branches throughout Sonoma, Napa, Lake, Mendocino, San Francisco, and Marin counties, including a brand new branch in San Anselmo.
Baker Market Update – Week in Review: January 24, 2025
Released every Friday, BMU is a brief and informative newsletter that provides financial institutions a review of the week’s economic developments.
eDOC Innovations Grows with Fourteen New Clients in Q1
eDOC added fourteen new clients in Q1 of fiscal 2025 that began in October 2024. These clients implemented one or more of the variety of imaging solutions eDOC offers, including document imaging and workflow, check imaging and e-Sign solutions.
UMassFive Announces New Board Member Peter Rosskothen
UMassFive recently announced the addition of Peter Rosskothen to its Board of Directors. A seasoned business professional, Rosskothen brings over 35 years of business experience to UMassFive. Peter first became involved with the Credit Union through utilizing its business banking products and services five years ago.
Chartway Opens New Branch in Virginia Beach, Celebrates Milestone Anniversary
Chartway Credit Union celebrated the grand opening of a new location on Pacific Ave in Virginia Beach, Virginia, today. The event brought together credit union members and leadership, community leaders, local dignitaries, and Hampton Roads Chamber leadership for a ribbon-cutting ceremony highlighting Chartway’s commitment to growth and community engagement through its charitable arm, Chartway Promise
For Immediate Release: First Alliance Credit Union Selects Jake Dorsch as Chief Financial Officer (CFO)
Rochester, MN, January 22, 2025. First Alliance Credit Union is proud to announce Jake Dorsch as its new Chief Financial Officer (CFO). Dorsch will lead the Credit Union’s financial strategies, overseeing financial planning, budgeting, and risk management while driving growth and stability to support the Credit Union’s long-term success. Working closely with the executive team,
Truliant Continues Upstate S.C. Expansion with New Branch in Mauldin
Truliant, a top 100 U.S. credit union, announced that it opened a new branch in Mauldin, S.C., as part of its Upstate South Carolina expansion. The location is the fifth branch in Truliant’s Upstate expansion.
Post Office Employees’ Credit Union (POECU) Partners with Sharetec to Streamline Operations & Improve the Member Experience
Sharetec, an innovative core processor built to support credit unions of all sizes, is excited to announce their partnership with Louisiana-based credit union, Post Office Employees’ Credit Union (POECU). This partnership will boost the efficiencies, capabilities, and experience of both POECU’s staff and membership.
IDB Global Federal Credit Union Selects Jennifer Vinciguerra as Chief Human Resource Officer
Washington, DC – January 15, 2025 – IDB Global Federal Credit Union proudly announces Jennifer Vinciguerra as its new Chief Human Resource Officer (CHRO). Vinciguerra will lead the Credit Union’s human resources strategies, overseeing talent development, employee engagement, and organizational culture while driving innovation to support the needs of its diverse workforce. Collaborating closely with
Craig Money Joins NASCUS Staff
The National Association of State Credit Union Supervisors (NASCUS) is pleased to announce the appointment of Craig Money as the organization’s Chief Member Engagement Officer.
BCU, AVIARYAI PARTNER TO REVOLUTIONIZE MEMBER SERVICES THROUGH AI FOLLOWING HURRICANE RELIEF OUTREACH
BCU and AviaryAI are excited to announce a significant strategic partnership as BCU invests in AviaryAI, a cutting-edge AI startup specializing in AI communications for financial institutions. This partnership emerges after a highly successful collaboration during the recent hurricane relief efforts, which demonstrated the profound impact of outbound AI voice agents on member support.
ELGA Credit Union and COPOCO Community Credit Union Announce Intent to Merge
The Board of Directors and leadership teams of ELGA Credit Union (ELGA CU) and COPOCO Community Credit Union (COPOCO) are excited to announce their agreement to merge pending regulatory approval and membership vote. Both credit unions were founded in 1951 to serve local Consumers Power Company employees and their families. ELGA, which has a name
Baker Market Update – Week in Review: January 17, 2025
Released every Friday, BMU is a brief and informative newsletter that provides financial institutions a review of the week’s economic developments.
Wipfli State of credit unions 2025 research report
Compared to prior years, credit unions are more concerned about the economy and regulation — but they still project growth and confidence for 2025. Wipfli surveyed over 100 C-level executives at credit unions across the U.S. to inform our annual “State of credit unions report.” In this year’s research, credit union leaders shared their top
Milestone: Corporate One Federal Credit Union Celebrates Connecting More Than 50 Credit Unions to Immediate Payment Rails in 2024
Corporate One Federal Credit Union announced today that it connected 48 credit unions to the RTP network and six credit unions to FedNow Service via its Third-Party Service Provider (TPSP) solution in 2024. Looking ahead, Corporate One has more than 35 credit unions in the queue to go live on the RTP network or FedNow
UMassFive Announce Management Promotions
UMassFive is excited to announce three recent management promotions. Brittany Ward has been promoted to Senior Branch Manager of the UMassFive’s Hadley and UMass Amherst branches. Eurika Boulay has been promoted to Senior Branch Manager of UMassFive’s Northampton and Northampton VA Medical Center branches. Jamie Paradee has expanded her role as Digital and Payment Services
Corporate Central Announces Corporate Certificates Now Available in Beastro
Corporate Central is thrilled to announce that Corporate Certificates are now live in Beastro, the corporate’s innovative platform for seamless money movement, credit union interactions, engagements, and transactions in a secure digital environment. This exciting new feature enhances the members’ investment experience, empowering credit unions to manage their investments more efficiently and effectively.
Gulf Winds Credit Union Opens 2025-26 Scholarship Program
Gulf Winds is pleased to announce the opening of its 2025-2026 Scholarship Program, available to members and their relatives.
Coastal Credit Union Hires Bryan Sherrick, Chief Risk Officer & General Counsel
In his role, Sherrick is tasked with building an enterprise-wide risk management function that will deliver an exceptional member experience while appropriately mitigating risks, meeting all compliance requirements, and satisfying regulatory requirements for large credit unions. He will also be responsible for ensuring a robust disaster recovery protocol and business continuity plan. Additionally, with his
BECU to Open New Locations in Kirkland and Stanwood, Washington in 2025
BECU, Washington’s largest credit union, will open new locations in Kirkland and Stanwood, expanding financial services for members in the Puget Sound. The Neighborhood Financial Centers (NFCs) will open in the second half of 2025 and offer members financial advice and guidance, as well as one-on-one support for opening accounts and transactions. These new NFCs
myCUmortgage is Thrilled to Announce New Partnerships with Three Credit Unions
New Q4 partner agreements bring myCUmortgage’s total to 18 new credit union partnerships in 2024
The team at INOVA Federal recently presented a check for $3,000 to the American Cancer Society.
The team at INOVA Federal recently presented a check for $3,000 to the American Cancer Society. The funds were a culmination of INOVA’s participation in their Making Strides fundraiser.
Justin Quainton joins LAFCU as commercial lending officer
LANSING, Mich. — LAFCU welcomes Justin Quainton as commercial lending officer, a strategic addition to its team that highlights the credit union’s commitment to serving Michigan businesses.
Credit Unions Vs. Banks: A Comprehensive Industry Analysis
Callahan & Associates invites credit union professionals and industry stakeholders to join an exclusive webinar that delves into the critical dynamics shaping competition between credit unions and banks. The 3Q24 Trendwatch Deep Dive, “3Q24 Financial Faceoff: Credit Unions Vs. Banks – Performance Insights And Strategic Outlook,” will take place Thursday, January 22 at 2:00 PM
Pennsylvania Department of Banking and Securities Receives NASCUS Reaccreditation
The National Association of State Credit Union Supervisors (NASCUS) is pleased to announce that the Pennsylvania Department of Banking and Securities (DoBS), Division of Credit Union and Trust Supervision, has successfully earned reaccreditation. To obtain Accreditation, a credit union state supervisory agency must demonstrate compliance with the accreditation standards in areas such as agency administration
United Federal Credit Union Promotes Lydia Negron to Branch Manager in Pennsylvania
United Federal Credit Union (United) is pleased to announce Lydia Negron has been promoted to Branch Manager in Pennsylvania. Negron is now leading the team at United’s Allentown Branch at 4703 Hamilton Blvd.
Pasadena Federal Credit Union Selects Hector Martin as Chief Strategy Officer (CSO)
Education Foundation for California Schools Announces Grant Recipients for 2024 Applicants
Quavo Unveils Winners of Inaugural Trust in Banking Awards
Abbey Investment Services, LLC purchases Thein Financial, LLC
Redwood Credit Union Commemorates 75th Anniversary with Yearlong Celebration
Baker Market Update – Week in Review: January 24, 2025
eDOC Innovations Grows with Fourteen New Clients in Q1
UMassFive Announces New Board Member Peter Rosskothen
Chartway Opens New Branch in Virginia Beach, Celebrates Milestone Anniversary
For Immediate Release: First Alliance Credit Union Selects Jake Dorsch as Chief Financial Officer (CFO)
Truliant Continues Upstate S.C. Expansion with New Branch in Mauldin
Post Office Employees’ Credit Union (POECU) Partners with Sharetec to Streamline Operations & Improve the Member Experience
IDB Global Federal Credit Union Selects Jennifer Vinciguerra as Chief Human Resource Officer
Craig Money Joins NASCUS Staff
BCU, AVIARYAI PARTNER TO REVOLUTIONIZE MEMBER SERVICES THROUGH AI FOLLOWING HURRICANE RELIEF OUTREACH
ELGA Credit Union and COPOCO Community Credit Union Announce Intent to Merge
Baker Market Update – Week in Review: January 17, 2025
Wipfli State of credit unions 2025 research report
Milestone: Corporate One Federal Credit Union Celebrates Connecting More Than 50 Credit Unions to Immediate Payment Rails in 2024
UMassFive Announce Management Promotions
Corporate Central Announces Corporate Certificates Now Available in Beastro
Gulf Winds Credit Union Opens 2025-26 Scholarship Program
Coastal Credit Union Hires Bryan Sherrick, Chief Risk Officer & General Counsel
BECU to Open New Locations in Kirkland and Stanwood, Washington in 2025
myCUmortgage is Thrilled to Announce New Partnerships with Three Credit Unions
The team at INOVA Federal recently presented a check for $3,000 to the American Cancer Society.
Justin Quainton joins LAFCU as commercial lending officer
Credit Unions Vs. Banks: A Comprehensive Industry Analysis
Pennsylvania Department of Banking and Securities Receives NASCUS Reaccreditation
United Federal Credit Union Promotes Lydia Negron to Branch Manager in Pennsylvania
Pasadena Federal Credit Union Selects Hector Martin as Chief Strategy Officer (CSO)
Education Foundation for California Schools Announces Grant Recipients for 2024 Applicants
Quavo Unveils Winners of Inaugural Trust in Banking Awards
Abbey Investment Services, LLC purchases Thein Financial, LLC
Redwood Credit Union Commemorates 75th Anniversary with Yearlong Celebration
Baker Market Update – Week in Review: January 24, 2025
eDOC Innovations Grows with Fourteen New Clients in Q1
UMassFive Announces New Board Member Peter Rosskothen
Chartway Opens New Branch in Virginia Beach, Celebrates Milestone Anniversary
For Immediate Release: First Alliance Credit Union Selects Jake Dorsch as Chief Financial Officer (CFO)
Truliant Continues Upstate S.C. Expansion with New Branch in Mauldin
Post Office Employees’ Credit Union (POECU) Partners with Sharetec to Streamline Operations & Improve the Member Experience
IDB Global Federal Credit Union Selects Jennifer Vinciguerra as Chief Human Resource Officer
Craig Money Joins NASCUS Staff
BCU, AVIARYAI PARTNER TO REVOLUTIONIZE MEMBER SERVICES THROUGH AI FOLLOWING HURRICANE RELIEF OUTREACH
ELGA Credit Union and COPOCO Community Credit Union Announce Intent to Merge
Baker Market Update – Week in Review: January 17, 2025
Wipfli State of credit unions 2025 research report
Milestone: Corporate One Federal Credit Union Celebrates Connecting More Than 50 Credit Unions to Immediate Payment Rails in 2024
UMassFive Announce Management Promotions
Corporate Central Announces Corporate Certificates Now Available in Beastro
Gulf Winds Credit Union Opens 2025-26 Scholarship Program
Coastal Credit Union Hires Bryan Sherrick, Chief Risk Officer & General Counsel
BECU to Open New Locations in Kirkland and Stanwood, Washington in 2025
myCUmortgage is Thrilled to Announce New Partnerships with Three Credit Unions
The team at INOVA Federal recently presented a check for $3,000 to the American Cancer Society.
Justin Quainton joins LAFCU as commercial lending officer
Credit Unions Vs. Banks: A Comprehensive Industry Analysis
Pennsylvania Department of Banking and Securities Receives NASCUS Reaccreditation
United Federal Credit Union Promotes Lydia Negron to Branch Manager in Pennsylvania
TAPP Engine’s 9Squid Private Markets: First to Democratize Securitization for All Credit Unions*
Education Foundation for California Schools Awards $280,000 in Grants to California Educators
OCCU PRESIDENT & CEO NEUMANN RETIRING; SCHUMACHER TO TAKE REINS
First Independent Bank Selects Square 1 Credit Suite by Suntell
PARK COMMUNITY CREDIT UNION FOUNDATION ANNOUNCES $97,960 IN GRANTS THROUGH PATHWAYS TO PROSPERITY PROGRAM
Call for Entries: LAFCU’s 2026 Write to Educate Essay Contest
