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.

GTE’S 12TH ANNUAL SCHOLARSHIP INCREASED TO $3K FOR 26 STUDENTS

GTE Financial continues to give back to members and support education with its 12th annual student scholarship program. The credit union has elevated its awards from $2,500 to $3,000 to support student members and their educational journeys.

1st United is an Official Food Bank Donation Spot

1st United Credit Union is excited to serve as Alameda County Community Food Bank’s (ACCFB) Food Drive Host for a second year. Community members can continue to drop off food donations at any 1st United branch all year long.

INOVA Federal Donates $8,250 To World Council of Credit Unions

Elkhart, IN — INOVA recently contributed $8,250 to the World Council of Credit Unions’ (WOCCU) Global Good initiative. The funds were raised through INOVA’s Global Good Visa credit card program. When INOVA members use their Global Good Visa card, INOVA donates a portion of the income generated to WOCCU, helping to fund the expansion of

GCS RECEIVES CUNA AWARDS

GCS Credit Union was awarded 1st place for Desjardins, Youth Financial Literacy, and 3rd place for Dora Maxwell, Social Responsibility, in the 2022 CUNA Awards Program for the $250 million – $1 billion asset category. GCS received an honorable mention for the Desjardins, Youth Financial Literacy, Award at the CUNA National Awards for the $250

Easy Entry, Real-Time Payments Solution Launched by Corporate One and Juniper Payments

Corporate One Federal Credit Union has collaborated with Juniper Payments to create and launch a new web-based, business-to-business (B2B) immediate payments solution. Called CU Corporate Payments on the RTP® network (“CU Corporate RTP”), Corporate One’s member credit unions can now initiate real-time payments through The Clearing House’s RTP network on behalf of their organization (no

Eltropy Brings Sunshine to California Credit Unions with “Digital Conversations For CFIs” Tour of the Golden State

Eltropy, the leading digital conversations platform for community financial institutions (CFIs), is excited to announce its “Digital Conversations for CFIs” Tour, which will take place across the U.S., starting in San Jose, March 16. The tour will bring together executives of local credit unions to address many of the toughest challenges faced by our industry

Mazuma Credit Union’s 2022 Give Back Exceeds $440,000 to Benefit Kansas Citians

Mazuma Credit Union’s commitment to Making Kansas City a Better Place to Live, Work, and Bank is its guiding star, even more so as it celebrates its 75th Anniversary this year. The organization strives to give back to the community it serves in a variety of ways, including through time, space, and financial assets.

Sharetec Investment Partner Acquires Lodestar Technologies

LINO LAKES, MN – Sharetec, a top provider of innovative core processing software, is pleased to announce that Evergreen Financial Technology Group has acquired Lodestar Technologies, a leading full-service analytics partner for credit unions. Evergreen Financial Technology Group, a division within Evergreen Services Group and Sharetec’s investment partner, focuses on financial technology that brings efficiency,

State Employees’ Credit Union and SECU Foundation Receive Top Honors for Service and Social Responsibility Programs

State Employees’ Credit Union (SECU) and the SECU Foundation were first-place recipients of two statewide Credit Union National Association (CUNA) awards sponsored by the Carolinas Credit Union Foundation (CCUF) – the Louise A. Herring Award for Philosophy in Action and the Dora Maxwell Social Responsibility Award, respectively.

Sharetec Investment Partner Acquires Lodestar Technologies

LINO LAKES, MN – Sharetec, a top provider of innovative core processing software, is pleased to announce that Evergreen Financial Technology Group has acquired Lodestar Technologies, a leading full-service analytics partner for credit unions. Evergreen Financial Technology Group, a division within Evergreen Services Group and Sharetec’s investment partner, focuses on financial technology that brings efficiency,

USSFCU President & CEO Timothy L. Anderson Honored at AACUC Ceremony

United States Senate Federal Credit Union (USSFCU) President and CEO Timothy L. Anderson joins emeritus board member Herbert ‘Bertie’ Bowman in the African American Credit Union Hall of Fame. Bowman, inducted in 2020, is Capitol Hill’s longest serving staffer and a long-time mentor of Andersons.

Nominations for Scholarships to the CUNA School of Management Announced by Texas CUSO Dream Educational Foundation

CU Alliance, a Texas CUSO (Credit Union Service Organization), is committed to doing its part in giving back to partner credit unions by providing financial help to credit union staff that choose to further their education in the accounting and financial sectors. The CUSO created the Dream Educational Foundation in 2021 and recently opened applications

For Members OnlyTM FCU, founded by Alpha Kappa Alpha Sorority, Incorporated ® partners with Aurora Advantage, Powered by CSPI, to launch its own niche, fully digital Credit Union

The name “For Members Only” speaks to niche banking and its ongoing service to 355,000 members of Alpha Kappa Alpha Sorority. Steeped in tradition, service, and distinguished professionals, the women of Alpha Kappa Alpha are entering the financial-services space to help build generational wealth. FMO FCU selected Aurora Advantage, Powered by CSPI, to deliver digital

Tower Federal Credit Union Welcomes James McHale as New SVP & CFO

Tower Federal Credit Union, the largest federal credit union in Maryland, is pleased to announce the hiring of James McHale as new Senior Vice President & Chief Financial Officer. As SVP & CFO, McHale will oversee Tower’s Finance, Accounting, Investments, Risk Management, and Facilities/Administrative Services department teams.

Thomas H. Klump Named Chief Operating Officer for National Cooperative Bank

National Cooperative Bank (NCB), a leading financial institution serving cooperatives, their members, and socially responsible organizations nationwide, is pleased to announce that Thomas H. Klump has been named its new Chief Operating Officer after the retirement of Kathleen Luzik who had been with NCB for 31 years. Prior to being named Chief Operating Officer, Mr.

Eltropy Launches “Video Verify” for Fraud Prevention

Eltropy, the digital conversations platform for community financial institutions (CFIs), today announced the launch of “Video Verify.” The new Eltropy Video Verify solution allows credit unions and community banks to remotely verify the identity of their members before opening accounts, issuing credit cards, authorizing wire transfers, granting loans and other high value-high fraud risk activities.

GTE FINANCIAL TO HOST 10TH ANNUAL SCHOLARSHIP SCRAMBLE GOLF TOURNAMENT

Leading not-for-profit credit union, GTE Financial, is thrilled to host its 10th annual Scholarship Scramble Golf Tournament to raise funds for the GTE Student Scholarship program. The tournament will take place on Monday, March 6, at The Bayou Club. Registration opens at 10:30 AM, and the tournament will begin at Noon.

Elan Charitable Giving Program Surpasses $1 Million in Donations

MINNEAPOLIS — Elan, continuing the commitment to partners and their communities, has selected 25 new credit union partners to designate a charity in their community to receive a $15,000 donation on the credit union’s behalf, as part of the 2023 Elan Charitable Giving Program. The program has now donated over $1 million since it began

Vantage Honored with Best of the Best Award for Outstanding Member Experience

Vantage Credit Union has been named a 2023 Best of the Best award recipient by MemberXP for outstanding member experience in the category of Most Reliable Staff. This annual award is given to credit unions that consistently provide extraordinary service, as reported by their own members.

Other

Thirty-Six CUES® Emerge Participants Selected from Record Number of Applicants

Thirty-six “emerging” credit union leaders who have the potential to create a lasting impact within the credit union industry have …

Operations & HR

OCCU piloting four-day, 32-hour workweek

OCCU is one of the first U.S. credit unions to engage in a pilot program to test the benefits of …

Industry Analysis & Trends

Texas Trust Credit Union Reaches $2 Billion Milestone, Doubling in Size Since 2016

Arlington, Texas – March 20, 2023 – Texas Trust Credit Union is now a $2 billion institution, putting it among …

Other

CUSG Awards Top Honors for Exceptional Experiences in Customer Service

CUSG proudly announces its 2023 MemberXP “Best of the Best” award winners, honoring 13 credit unions nationwide.

Strategic Partnerships

For Members OnlyTM FCU, founded by Alpha Kappa Alpha Sorority, Incorporated ® partners with Aurora Advantage, Powered by CSPI, to launch its own niche, fully digital Credit Union

Jefferson City, MO: The name “For Members Only” speaks to niche banking and its ongoing service to 355,000 members of …

Making A Difference

GCS CREDIT UNION RECEIVES MASTERCARD AWARD

GCS Credit Union was recently awarded the Doing Well by Doing Good Award by Mastercard for their charitable and community …

Personnel Promotions

Stephanie Stout Promoted to Vice President at Greater Texas|Aggieland Credit Union

Stephanie Stout has been named to the Greater Texas|Aggieland Credit Union executive team with a promotion to Vice President, Member …

Industry Analysis & Trends

Baker Market Update – Week in Review: March 17, 2023

Released every Friday, BMU is a brief and informative newsletter that provides financial institutions a review of the week’s economic …

Making A Difference

Coastal Credit Union Foundation Funds Two Habitat for Humanity Builds in Honor of Retiring CEO Chuck Purvis

The Coastal Credit Union Foundation has granted $100,000 each to Habitat for Humanity of Orange County and Habitat for Humanity …

Technology

Eltropy’s AI Platform Gets Smarter as Contact Center Demand Surges

Eltropy’s AI Platform Gets Smarter as Contact Center Demand Surges With Call Center volume on the rise across all channels, …

Charity Events

UMassFive Collecting Personal Care Items for Local Survival Centers

During the month of March, the Hadley, Northampton, and Springfield Mercy Medical Center Branches of UMassFive College Federal Credit Union …

Operations & HR

PCM Credit Union Announces Selection of New President/CEO

PCM Credit Union Announces Selection of New President/CEO Cornerstone Resources’ executive search and professional recruiting division assisted with placement GREEN …

Operations & HR

PCM Credit Union Announces Retirement of President and CEO Dan Wollin

PCM Credit Union Announces Retirement of President and CEO Dan Wollin Green Bay, WI, March 10th, 2023 – PCM Credit …

Making A Difference

Greater Texas Credit Union Funds ‘Little Lockers’ at Elementary Schools to Encourage Reading

Greater Texas Credit Union has partnered with the TEXAS YES Project to provide Little Lockers at elementary schools in the …

Personnel Promotions

United Federal Credit Union Promotes Christopher Swartz to Branch Manager in South Bend

United Federal Credit Union (United) has promoted Christopher Swartz to the position of Branch Manager at its branch at 223 …

Making A Difference

OCCU Foundation invests in parenting education

With a grant from OCCU Foundation, Eugene-based nonprofit Parenting Now is launching an updated Spanish-language edition of its flagship curriculum, …

Lending

National Cooperative Bank Provides a $5 Million Subordinated Debt Loan to Notre Dame Federal Credit Union

National Cooperative Bank (NCB), a leading financial institution dedicated to providing banking solutions to cooperatives and socially responsible organizations nationwide, …

Lending

National Cooperative Bank Provides a $5 Million Subordinated Debt Loan to Notre Dame Federal Credit Union

National Cooperative Bank (NCB), a leading financial institution dedicated to providing banking solutions to cooperatives and socially responsible organizations nationwide, …

Making A Difference

TopLine’s Bedding Drive Benefits Non-Profits to Support Local Communities

TopLine’s third annual Bedding Drive held during the month of February benefited three local non-profits, Avenues for Youth, MORE Community …

Other

GTE Financial Chief Lending Officer Named 2023 Businesswoman Of The Year

Not-for-profit financial institution, GTE Financial, is proud to announce Dona Svehla, Senior Vice President and Chief Lending Officer, has been …

Other

CreditUnions.com Announces 2023 Innovation Series Winners

Washington, DC – CU NextGen, SundaySky, and VisiFI are the winners of CreditUnions.com’s fifth-annual Innovation Series. The 2023 series explored …

Industry Analysis & Trends

Baker Market Update – Week in Review: March 10, 2023

Released every Friday, BMU is a brief and informative newsletter that provides financial institutions a review of the week’s economic …

Personnel Promotions

Jack Antonini, NACUSO’s President & CEO, Announces Retirement

NACUSO, the National Association of Credit Union Service Organizations, is announcing Jack Antonini’s retirement as President and CEO later in …

Strategic Partnerships

Directlink Announces Integration With Q2’s Digital Banking Platform

Directlink today announced its integration with Q2’s Digital Banking Platform, via the Q2 Partner Accelerator Program. This integration allows Directlink …

Lending

Coastal Credit Union Named Among Best Mortgage Companies to Work For

Coastal Credit Union has been named as one of the 2023 Best Mortgage Companies to Work for. This program was …

Making A Difference

Teachers Federal Credit Union Announces Third Annual Teacher Appreciation Week Contest Celebrating Educators Making Outstanding Contributions in Their Communities

Teachers Federal Credit Union is proud to announce that submissions are now open for its annual Teacher Appreciation Week Contest. …

Personnel Promotions

BCU ANNOUNCES ADDITIONS TO ITS SENIOR LEADERSHIP TEAM

BCU is proud to announce the hiring of Bhavna Guglani as Chief Digital Officer, and the promotions of Maggie Garcia, …

Other

Advanced Management Program from CUES, Cornell University Gives Emerging Leaders a Look Into the C-Suite

CUES Advanced Management Program from Cornell University is returning this summer, offering emerging leaders the opportunity to explore eight c-suite …

Strategic Partnerships

Tech Credit Union Selects PSCU for Debit Card Processing Services

PSCU, the nation’s premier payments credit union service organization (CUSO) and an integrated financial technology solutions provider, today announced that …

Marketing

Greater Texas Credit Union Signs Multi-year Sponsorship with Texas State University Sports

Greater Texas Credit Union and Texas State University have signed a multi-year sponsorship agreement making Greater Texas an official sponsor …

Other

Thirty-Six CUES® Emerge Participants Selected from Record Number of Applicants

Thirty-six “emerging” credit union leaders who have the potential to create a lasting impact within the credit union industry have …

Operations & HR

OCCU piloting four-day, 32-hour workweek

OCCU is one of the first U.S. credit unions to engage in a pilot program to test the benefits of …

Industry Analysis & Trends

Texas Trust Credit Union Reaches $2 Billion Milestone, Doubling in Size Since 2016

Arlington, Texas – March 20, 2023 – Texas Trust Credit Union is now a $2 billion institution, putting it among …

Other

CUSG Awards Top Honors for Exceptional Experiences in Customer Service

CUSG proudly announces its 2023 MemberXP “Best of the Best” award winners, honoring 13 credit unions nationwide.

Strategic Partnerships

For Members OnlyTM FCU, founded by Alpha Kappa Alpha Sorority, Incorporated ® partners with Aurora Advantage, Powered by CSPI, to launch its own niche, fully digital Credit Union

Jefferson City, MO: The name “For Members Only” speaks to niche banking and its ongoing service to 355,000 members of …

Making A Difference

GCS CREDIT UNION RECEIVES MASTERCARD AWARD

GCS Credit Union was recently awarded the Doing Well by Doing Good Award by Mastercard for their charitable and community …

Personnel Promotions

Stephanie Stout Promoted to Vice President at Greater Texas|Aggieland Credit Union

Stephanie Stout has been named to the Greater Texas|Aggieland Credit Union executive team with a promotion to Vice President, Member …

Industry Analysis & Trends

Baker Market Update – Week in Review: March 17, 2023

Released every Friday, BMU is a brief and informative newsletter that provides financial institutions a review of the week’s economic …

Making A Difference

Coastal Credit Union Foundation Funds Two Habitat for Humanity Builds in Honor of Retiring CEO Chuck Purvis

The Coastal Credit Union Foundation has granted $100,000 each to Habitat for Humanity of Orange County and Habitat for Humanity …

Technology

Eltropy’s AI Platform Gets Smarter as Contact Center Demand Surges

Eltropy’s AI Platform Gets Smarter as Contact Center Demand Surges With Call Center volume on the rise across all channels, …

Charity Events

UMassFive Collecting Personal Care Items for Local Survival Centers

During the month of March, the Hadley, Northampton, and Springfield Mercy Medical Center Branches of UMassFive College Federal Credit Union …

Operations & HR

PCM Credit Union Announces Selection of New President/CEO

PCM Credit Union Announces Selection of New President/CEO Cornerstone Resources’ executive search and professional recruiting division assisted with placement GREEN …

Operations & HR

PCM Credit Union Announces Retirement of President and CEO Dan Wollin

PCM Credit Union Announces Retirement of President and CEO Dan Wollin Green Bay, WI, March 10th, 2023 – PCM Credit …

Making A Difference

Greater Texas Credit Union Funds ‘Little Lockers’ at Elementary Schools to Encourage Reading

Greater Texas Credit Union has partnered with the TEXAS YES Project to provide Little Lockers at elementary schools in the …

Personnel Promotions

United Federal Credit Union Promotes Christopher Swartz to Branch Manager in South Bend

United Federal Credit Union (United) has promoted Christopher Swartz to the position of Branch Manager at its branch at 223 …

Making A Difference

OCCU Foundation invests in parenting education

With a grant from OCCU Foundation, Eugene-based nonprofit Parenting Now is launching an updated Spanish-language edition of its flagship curriculum, …

Lending

National Cooperative Bank Provides a $5 Million Subordinated Debt Loan to Notre Dame Federal Credit Union

National Cooperative Bank (NCB), a leading financial institution dedicated to providing banking solutions to cooperatives and socially responsible organizations nationwide, …

Lending

National Cooperative Bank Provides a $5 Million Subordinated Debt Loan to Notre Dame Federal Credit Union

National Cooperative Bank (NCB), a leading financial institution dedicated to providing banking solutions to cooperatives and socially responsible organizations nationwide, …

Making A Difference

TopLine’s Bedding Drive Benefits Non-Profits to Support Local Communities

TopLine’s third annual Bedding Drive held during the month of February benefited three local non-profits, Avenues for Youth, MORE Community …

Other

GTE Financial Chief Lending Officer Named 2023 Businesswoman Of The Year

Not-for-profit financial institution, GTE Financial, is proud to announce Dona Svehla, Senior Vice President and Chief Lending Officer, has been …

Other

CreditUnions.com Announces 2023 Innovation Series Winners

Washington, DC – CU NextGen, SundaySky, and VisiFI are the winners of CreditUnions.com’s fifth-annual Innovation Series. The 2023 series explored …

Industry Analysis & Trends

Baker Market Update – Week in Review: March 10, 2023

Released every Friday, BMU is a brief and informative newsletter that provides financial institutions a review of the week’s economic …

Personnel Promotions

Jack Antonini, NACUSO’s President & CEO, Announces Retirement

NACUSO, the National Association of Credit Union Service Organizations, is announcing Jack Antonini’s retirement as President and CEO later in …

Strategic Partnerships

Directlink Announces Integration With Q2’s Digital Banking Platform

Directlink today announced its integration with Q2’s Digital Banking Platform, via the Q2 Partner Accelerator Program. This integration allows Directlink …

Lending

Coastal Credit Union Named Among Best Mortgage Companies to Work For

Coastal Credit Union has been named as one of the 2023 Best Mortgage Companies to Work for. This program was …

Making A Difference

Teachers Federal Credit Union Announces Third Annual Teacher Appreciation Week Contest Celebrating Educators Making Outstanding Contributions in Their Communities

Teachers Federal Credit Union is proud to announce that submissions are now open for its annual Teacher Appreciation Week Contest. …

Personnel Promotions

BCU ANNOUNCES ADDITIONS TO ITS SENIOR LEADERSHIP TEAM

BCU is proud to announce the hiring of Bhavna Guglani as Chief Digital Officer, and the promotions of Maggie Garcia, …

Other

Advanced Management Program from CUES, Cornell University Gives Emerging Leaders a Look Into the C-Suite

CUES Advanced Management Program from Cornell University is returning this summer, offering emerging leaders the opportunity to explore eight c-suite …

Strategic Partnerships

Tech Credit Union Selects PSCU for Debit Card Processing Services

PSCU, the nation’s premier payments credit union service organization (CUSO) and an integrated financial technology solutions provider, today announced that …

Marketing

Greater Texas Credit Union Signs Multi-year Sponsorship with Texas State University Sports

Greater Texas Credit Union and Texas State University have signed a multi-year sponsorship agreement making Greater Texas an official sponsor …

Thirty-Six CUES® Emerge Participants Selected from Record Number of Applicants

Thirty-six “emerging” credit union leaders who have the potential to create a lasting impact within the credit union industry have been selected to participate in …

OCCU piloting four-day, 32-hour workweek

OCCU is one of the first U.S. credit unions to engage in a pilot program to test the benefits of a four-day, 32-hour workweek with …

Texas Trust Credit Union Reaches $2 Billion Milestone, Doubling in Size Since 2016

Arlington, Texas – March 20, 2023 – Texas Trust Credit Union is now a $2 billion institution, putting it among the top 225 credit unions …

CUSG Awards Top Honors for Exceptional Experiences in Customer Service

CUSG proudly announces its 2023 MemberXP “Best of the Best” award winners, honoring 13 credit unions nationwide.

For Members OnlyTM FCU, founded by Alpha Kappa Alpha Sorority, Incorporated ® partners with Aurora Advantage, Powered by CSPI, to launch its own niche, fully digital Credit Union

Jefferson City, MO: The name “For Members Only” speaks to niche banking and its ongoing service to 355,000 members of Alpha Kappa Alpha Sorority. Steeped …

GCS CREDIT UNION RECEIVES MASTERCARD AWARD

GCS Credit Union was recently awarded the Doing Well by Doing Good Award by Mastercard for their charitable and community efforts as part of Mastercard’s …

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