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 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.
Cetera Announces Partnership with Citadel Credit Union
Philadelphia-area credit union serving more than 260,000 members with more than $6 billion in assets joins Cetera Financial Institutions from CUSO Financial Services Partnership designed to accelerate growth of Citadel Credit Union’s established investment services program Cetera Financial Group, the premier financial advisor Wealth Hub, announced today that Citadel Credit Union has entered into a
Eltropy Sets New Standard in Credit Union Vendor Consolidation Through Unified Platform Approach
Eltropy, the leading AI-powered conversations platform for community financial institutions (CFIs), today announced a strengthened commitment to vendor consolidation through its comprehensive, enterprise-wide solution. As credit unions face mounting pressure to streamline operations and reduce costs, Eltropy’s unified platform approach eliminates the “hairball effect” – the complex web of disconnected point solutions that create operational
Baker Market Update – Week in Review: December 13, 2024
Released every Friday, BMU is a brief and informative newsletter that provides financial institutions a review of the week’s economic developments.
Mocse Wins Award from Mastercard for Community Impact
Mocse Credit Union recognized by Mastercard for unique account and partnership that creates a positive impact on the community.
UMassFive Awards Local Business with $10,000 UMass Athletics Advertising Package in Small Business Spotlight Contest
UMassFive is thrilled to announce Sexton Roofing & Siding as the grand prize winner of its inaugural Small Business Spotlight contest. Driven by community nomination, the contest winner was formally announced at the final UMass football home game of the season at McGuirk Alumni Stadium on November 30, which was also Small Business Saturday.
USSFCU Celebrates the Season of Giving with Significant Holiday Donations and Community Initiatives
This holiday season, the United States Senate Federal Credit Union (USSFCU) is proud to give back to the community through generous donations and impactful initiatives. Supporting local non-profits and creating opportunities for staff and members to contribute, USSFCU exemplifies the spirit of the season.
Gulf Winds Invites the Community to Take Part in Food Drives Benefiting Local Pantry Partners
Good morning, I am sharing some exciting news. Gulf Winds Credit Union is hosting food drives across its field of membership through December 31 to support four local pantry partners. We are inviting the community to participate alongside us and our members to support the fight against hunger. I have attached a press release. Should
SECU Foundation Supports North Carolina Museum of Art Foundation’s Artist Innovation Mentorship Program
SECU Foundation has announced a $300,000 grant to the North Carolina Museum of Art (NCMA) Foundation to help expand its Artist Innovation Mentorship (AIM) program for middle school youth in rural and underserved areas of North Carolina. With the expansion, the AIM program can reach 1,200 youth annually and by 2028 can serve 50 counties
UMassFive Donates Hundreds of Winter Coats and Clothing Items
UMassFive is proud to share that their members, staff, and community partners have donated hundreds of winter coats and clothing items to Amherst Survival Center, the Gray House in Springfield, and Net of Compassion in Worcester.
Alogent Announces the Successful Deployment of Unify at FedChoice Federal Credit Union
Alogent proudly announces the successful deployment of Unify by FedChoice Federal Credit Union. Unify, a modern deposits automation platform, streamlines deposit automation across all in-branch and remote banking channels using a single solution and one API. With Unify, FedChoice will enhance its operations with robust support for Day 1 and Day 2 item processing workflows,
Unitus Community Credit Union Celebrates 2024 with $744,866 in Community Giving
Annual contributions, community impact grants, and holiday drive donations result in new record for annual giving
Coastal and Truliant Credit Unions Partner to Launch Credit Union Auto Marketplace
Coastal Credit Union and Truliant Federal Credit Union have partnered with TrueBuy Automotive to create Credit Union Auto Marketplace, a modern preowned auto-buying experience tailored for credit union members.
Coastal and Truliant Credit Unions Partner to Launch Credit Union Auto Marketplace
Coastal Credit Union and Truliant Federal Credit Union have partnered with TrueBuy Automotive to create Credit Union Auto Marketplace, a modern preowned auto-buying experience tailored for credit union members.
United Federal Credit Union Names Jessica Rodriquez as District Manager in Pennsylvania
United Federal Credit Union (United) is pleased to announce Jessica Rodriquez has been named District Manager in the Lehigh Valley.
Chartway Credit Union Expands Footprint with Grand Opening of East Beach Branch
Chartway Credit Union celebrated the grand opening of its new East Beach branch in Norfolk, Virginia today. Credit union members and leadership, along with community members, local dignitaries representing state and city elected officials, Hampton Roads Chamber leadership, and state credit union advocates participated in a ribbon cutting ceremony. The event highlighted Chartway’s commitment to
BECU grants over $500,000 to 25 nonprofits at 11th annual People Helping People Awards program
BECU, Washington’s largest credit union, is granting $510,000 in total to 25 nonprofits as part of its People Helping People Awards. The annual awards program calls upon BECU members to nominate organizations that embody the credit union industry philosophy of “people helping people.” This year, BECU received over 1,000 nominations from its member and employee
Eltropy’s EMERGE 2025 Conference To Bring Credit Unions and Community Banks Together in San Francisco
Eltropy, the leading AI-powered conversations platform for community financial institutions (CFIs), today announced its annual EMERGE 2025 conference will take place from April 22-24, 2025 at the InterContinental San Francisco. This annual Eltropy event brings together credit union and community bank leaders, industry innovators, and Eltropy experts to explore the latest industry technologies and strategies
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
SECU Foundation Awards $500,000 Grant for Expansion of Community Crossroads Center in Pitt County
Applications Now Open for CUES Emerge 2025: Elevate Your Leadership Potential
INOVA Federal Hires Nick Matthews As Their Chief Business Services Officer
LGE Community Credit Union named to Newsweek’s America’s Best Credit Unions 2025
Alloya Announces Fee Waiver for All Members
Advia Credit Union Commits $42,000 in Youth and WMU Aviation Scholarships
UMassFive Announces January – April 2025 Financial Wellness Webinars
Chartway Promise Foundation Marks 20 Years of Helping Promise Heroes with Record $1.1M in Charitable Grants
Eltropy Acquires Lexop to Modernize Loan Repayment and Collections for Credit Unions and Community Banks
INOVA Federal Announces Promotions Within Its Leadership Team
Baker Market Update – Week in Review: January 3, 2025
Another Successful Toy Drive at Peach State FCU to Benefit Toys for Tots
Corporate One Federal Credit Union Returns $15.5 Million to Members in 2024
Shannon Cate Earns Certified Wisconsin Credit Union Leader Designation Through Leadership Institute
Baker Market Update – Week in Review: December 27, 2024
INOVA Awards Lifetime Achievement Award to Larry Sain
Corporate One’s CUSO Accolade Advisory Announces JD Pisula as New President/CEO
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
SECU Foundation Awards $500,000 Grant for Expansion of Community Crossroads Center in Pitt County
Applications Now Open for CUES Emerge 2025: Elevate Your Leadership Potential
INOVA Federal Hires Nick Matthews As Their Chief Business Services Officer
LGE Community Credit Union named to Newsweek’s America’s Best Credit Unions 2025
Alloya Announces Fee Waiver for All Members
Advia Credit Union Commits $42,000 in Youth and WMU Aviation Scholarships
UMassFive Announces January – April 2025 Financial Wellness Webinars
Chartway Promise Foundation Marks 20 Years of Helping Promise Heroes with Record $1.1M in Charitable Grants
Eltropy Acquires Lexop to Modernize Loan Repayment and Collections for Credit Unions and Community Banks
INOVA Federal Announces Promotions Within Its Leadership Team
Baker Market Update – Week in Review: January 3, 2025
Another Successful Toy Drive at Peach State FCU to Benefit Toys for Tots
Corporate One Federal Credit Union Returns $15.5 Million to Members in 2024
Shannon Cate Earns Certified Wisconsin Credit Union Leader Designation Through Leadership Institute
Baker Market Update – Week in Review: December 27, 2024
INOVA Awards Lifetime Achievement Award to Larry Sain
Corporate One’s CUSO Accolade Advisory Announces JD Pisula as New President/CEO
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