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.
SECU Foundation Awards $500,000 Grant for Expansion of Community Crossroads Center in Pitt County
Community Crossroads Center (CCC) has been awarded a $500,000 challenge grant by SECU Foundation to help expand its campus in Pitt County. The construction of a new Homeless Resource Center and renovation of CCC’s current facility will enable the non-profit to increase shelter space and comprehensive services for individuals experiencing homelessness.
Applications Now Open for CUES Emerge 2025: Elevate Your Leadership Potential
CUES is now accepting applications for its coveted credit union leadership program, CUES Emerge. Offered in partnership with Currency Marketing, this transformative course is custom-designed to accelerate career advancement and empower future credit union leaders to step into leadership roles—all at no cost to the participants.
INOVA Federal Hires Nick Matthews As Their Chief Business Services Officer
INOVA Federal is proud to announce the hiring of Nick Matthews as their Chief Business Services Officer.
LGE Community Credit Union named to Newsweek’s America’s Best Credit Unions 2025
LGE Community Credit Union announced that it was recently recognized as one of America’s Best Credit Unions 2025 by Newsweek for the second year in a row.
Alloya Announces Fee Waiver for All Members
Alloya closed out 2024 by expressing heartfelt gratitude to its membership for its unwavering support and trust. The loyalty and partnership of Alloya’s members has been instrumental to the organization’s success. In recognition of this support, Alloya is pleased to announce that all fees for the month of November were waived for all members so
Advia Credit Union Commits $42,000 in Youth and WMU Aviation Scholarships
Advia Credit Union, serving communities across parts of Michigan, Illinois, and Wisconsin, is now accepting applications for the Youth Scholarship Program and the Cheryl A. DeBoer Soar Higher Award. Applications will be accepted through March 16, 2025.
UMassFive Announces January – April 2025 Financial Wellness Webinars
UMassFive is always looking for opportunities to educate their members and the local community on financial related-subjects. For more than a decade, UMassFive has offered free financial wellness workshops, where you can gain insight into specific financial topics ranging from paying down debt to home buying, and much more.
Chartway Promise Foundation Marks 20 Years of Helping Promise Heroes with Record $1.1M in Charitable Grants
Since its founding 20 years ago, Chartway Credit Union’s charitable arm, Chartway Promise Foundation, has delivered on its mission to bring joy, hope, and smiles to medically fragile children and their families through unforgettable experiences. We call these children Promise Heroes, and this year marks the Foundation’s 20th anniversary supporting them. In 2024, the Foundation
Eltropy Acquires Lexop to Modernize Loan Repayment and Collections for Credit Unions and Community Banks
Eltropy, the leading AI-powered unified conversations platform for community financial institutions (CFIs) serving over 650 credit unions and community banks in North America, today announced the acquisition of Lexop, a leading collections technology provider. This strategic move aligns with three critical trends reshaping financial services: digital wallets (like Apple Pay), artificial intelligence (AI), and self-serve
INOVA Federal Announces Promotions Within Its Leadership Team
INOVA Federal is proud to announce the promotions of several members of its leadership team.
Baker Market Update – Week in Review: January 3, 2025
Released every Friday, BMU is a brief and informative newsletter that provides financial institutions a review of the week’s economic developments.
Another Successful Toy Drive at Peach State FCU to Benefit Toys for Tots
LAWRENCEVILLE, GA (December 31, 2024) – Peach State Federal Credit Union recently held its annual toy drive in support of the Marine Toys for Tots program. Every year, the credit union sets up donation boxes at their branches, which serve as convenient drop-off sites for members and staff to donate new, unwrapped toys.
Corporate One Federal Credit Union Returns $15.5 Million to Members in 2024
Corporate One Federal Credit Union returned $15.5 million to its members in 2024, marking a record year. This included over $13.7 million distributed through four quarterly dividends to perpetual contributed capital (PCC) owners, with an annualized dividend rate of 6.05% and a Q4 rate of 5.65%. Additionally, members using two or more payment solutions received
Shannon Cate Earns Certified Wisconsin Credit Union Leader Designation Through Leadership Institute
Corporate Central is proud to announce that Shannon Cate, NCP, CCUFC, CWCUL, Director of Member Experience, has successfully completed the six-month Leadership Institute Part I certificate program through the University of Wisconsin-Milwaukee’s School of Continuing Education in partnership with the Wisconsin Credit Union League.
Baker Market Update – Week in Review: December 27, 2024
Released every Friday, BMU is a brief and informative newsletter that provides financial institutions a review of the week’s economic developments.
INOVA Awards Lifetime Achievement Award to Larry Sain
During their December 19th Board Meeting, INOVA Federal honored former Board Member Larry Sain with their Lifetime Achievement Award, while also officially renaming their Boardroom the Larry Sain Boardroom.
Corporate One’s CUSO Accolade Advisory Announces JD Pisula as New President/CEO
Accolade Advisory, a wholly owned credit union service organization (CUSO) of Corporate One Federal Credit Union, announced that it has named JD Pisula to the position of President/CEO. Pisula has served as Accolade’s vice president of strategic advisory since 2019, and he has replaced President/CEO Dave Fearing. Fearing will serve as a consultant to Accolade’s
SECU Foundation Awards Grant to Foster Family Alliance of North Carolina to Support Enhanced Training and Onboarding
SECU Foundation recently awarded Foster Family Alliance of North Carolina (FFA-NC) a $300,000 grant for the development and implementation of a new centralized software system to support its advocacy and work for foster children. The platform will provide a statewide focus for managing professional trainings, certifications, and enhanced onboarding to help improve the enlistment and
Baker Market Update – Week in Review: December 20, 2024
Released every Friday, BMU is a brief and informative newsletter that provides financial institutions a review of the week’s economic developments.
Credit Unions Chart New Territory in 2024: A Look at the Strategies Shaping the Future in the New Year
As 2024 draws to a close, credit unions across the nation are reflecting on a year of resilience, adaptability, and community-focused innovation. Leaders from some of the most dynamic credit unions share key strategies that fueled growth, the economic trends they navigated, and the lessons they’ll carry into 2025. Across the board, credit unions leveraged
QuantyPhi Launches New CECL Validation Service to Support Credit Union Compliance and Accuracy
QuantyPhi, a balance sheet optimization CUSO for credit unions, is pleased to announce the launch of its new CECL Validation service. Designed to ensure credit unions’ compliance with the Current Expected Credit Loss (CECL) accounting standard, the service provides a comprehensive review and validation of CECL processes to enhance accuracy, reliability, and regulatory alignment.
GTE Financial Spreads Holiday Cheer with Make Hope Real Initiative, Giving Back to Local Families
This holiday season, GTE Financial is proud to continue its tradition of giving back to the Tampa Bay community through its Make Hope Real initiative. In a heartfelt show of support, the credit union selected four local families to receive special holiday gifts, including over $1,000 to help each family with holiday expenses, gas gift
Redefining First-Party Collections: How Technology is Shaping the Future
Streamlining debt recovery and staying at the forefront of innovative technology and digital solution enhancements is not only in the best interest of FIs, but also for their borrowers. It is crucial to consider these thoughts when allocating resources for 2025 and beyond.
LGE Foundation donates over $400,000 to local nonprofits
On Wednesday, Dec. 11, 2024, the LGE Community Outreach Foundation presented $402,517.20 to local nonprofit organizations at LGE Community Credit Union’s annual celebration breakfast.
Valley First Credit Union Selects Christopher Dalman as Chief Information Officer (CIO)
Modesto, CA, December 13, 2024. Valley First Credit Union proudly announces Christopher Dalman as its new Chief Technology Officer (CTO). Dalman will drive the Credit Union’s technological innovation, enhancing infrastructure, cybersecurity, and member services while aligning strategies with its mission of “Making Good Happen.” With a proven track record in technology leadership, he is set
SECU Foundation Initiates Phase Two Disaster Relief Package of $1.75 Million for Western North Carolina
SECU Foundation’s Board of Directors approved a phase two disaster relief package with an additional $1.75 million in grants to three organizations, providing intermediate assistance to the hardest hit residents and communities impacted by Hurricane Helene. Funds awarded will help address temporary housing needs, financial crises, and food insecurity.
eDOC Spreads Holiday Cheer
As an annual tradition, the eDOC team provided gifts to twenty two local children and a family in Addison County, Vermont. The team collaborated to ensure that each child and family member received meaningful and personalized gifts, making the holidays a bit brighter for those they assisted.
United Partners with The Storehouse to Provide Gifts for Local Children this Holiday Season
United Federal Credit Union (United) employees partnered with The Storehouse to purchase gifts for children in need in Henderson County, North Carolina, as part of The Storehouse’s Blessings in Boxes community initiative.
Elan Credit Card Donates $150,000 to American Red Cross Hurricane Relief to Support Impacted Partners
MINNEAPOLIS —Elan today announced a $150,000 donation to the American Red Cross to support relief and recovery efforts in communities impacted by Hurricanes Milton and Helene, on behalf of our partners. “Our hearts go out to our teammates, partners, and communities affected by Hurricanes Milton and Helene,” said Aaron Melnarik, Elan Credit Card Director of
Cetera Welcomes Eglin Federal Credit Union
Florida-based credit union with 70-year track record to collaborate with Cetera Financial Institutions to grow and deliver member-focused investment program.
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 Rami Borsheh as Chief Lending Officer (CLO)
State of Connecticut Department of Banking Receives NASCUS Reaccreditation
SchoolsFirst FCU Announces 23 New Third-Party Administrator Agreements with California School Districts
Gulf Winds Collects 2,000 lbs. Food Donations Across Field of Membership
Baker Market Update – Week in Review: January 10, 2025
Treasury Department Federal Credit Union Welcomes Lee Woolley as New President and CEO
Baltimore County Employees Federal Credit Union Selects Mark Caverly as President/CEO
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 Rami Borsheh as Chief Lending Officer (CLO)
State of Connecticut Department of Banking Receives NASCUS Reaccreditation
SchoolsFirst FCU Announces 23 New Third-Party Administrator Agreements with California School Districts
Gulf Winds Collects 2,000 lbs. Food Donations Across Field of Membership
Baker Market Update – Week in Review: January 10, 2025
Treasury Department Federal Credit Union Welcomes Lee Woolley as New President and CEO
Baltimore County Employees Federal Credit Union Selects Mark Caverly as President/CEO
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