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.
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 Rami Borsheh as Chief Lending Officer (CLO)
Pasadena, CA, January 13, 2025. Pasadena Federal Credit Union proudly announces Rami Borsheh as its new Chief Lending Officer (CLO). Borsheh will lead the Credit Union’s lending strategies, overseeing loan operations and portfolio management while driving innovation to meet members’ financial needs. Collaborating closely with the executive team, he will align lending initiatives with the
State of Connecticut Department of Banking Receives NASCUS Reaccreditation
The National Association of State Credit Union Supervisors (NASCUS) proudly announces that the State of Connecticut Department of Banking, Financial Institutions Division has successfully achieved reaccreditation. The reaccreditation follows a thorough evaluation by the NASCUS Performance Standards Committee (PSC), comprised of seasoned regulators from accredited state agencies. The NASCUS Accreditation program provides an in-depth review
SchoolsFirst FCU Announces 23 New Third-Party Administrator Agreements with California School Districts
SchoolsFirst Federal Credit Union, the largest credit union in California and the largest serving school employees and their families, today announced that its Third-Party Administrator (TPA) affiliate, SchoolsFirst Plan Administration, LLC, added 23 school districts in California to its roster in 2024. As a TPA, SchoolsFirst Plan Administration helps school districts with IRS plan compliance,
Gulf Winds Collects 2,000 lbs. Food Donations Across Field of Membership
Gulf Winds Credit Union gives back for the holidays.
Baker Market Update – Week in Review: January 10, 2025
Released every Friday, BMU is a brief and informative newsletter that provides financial institutions a review of the week’s economic developments.
Treasury Department Federal Credit Union Welcomes Lee Woolley as New President and CEO
Treasury Department Federal Credit Union (TDFCU) proudly announces Lee Woolley as its new President and CEO, effective January 13, 2025. With over 30 years of leadership in banking, trust administration, and strategic planning, Woolley is committed to advancing TDFCU’s mission of empowering members. “I’m honored to join TDFCU and deepen our member relationships,” said Woolley.
Baltimore County Employees Federal Credit Union Selects Mark Caverly as President/CEO
Towson, MD, January 9, 2025. The Board of Directors of Baltimore County Employees Federal Credit Union (BCEFCU) is proud to announce the appointment of Mark Caverly as the credit union’s new President and Chief Executive Officer. Caverly will succeed Dave Hagar, who is retiring after an impressive 27 years of dedicated service to BCEFCU and
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
Baker Market Update – Week in Review: July 2, 2026
TriUnity Foundation Opens National Grant Cycle for Credit Union Members Facing Terminal Illness
Redwood Credit Union named to Newsweek’s America’s Greatest Midsize Workplaces 2026
Stephanie Schmidt Earns National Check Professional Accreditation
CUES and TruStage® Announce Inaugural 2026 Leadership Pathways Cohort
Texas A&M IBE Students Raise $54,000 for Local Nonprofits
SECU’s Statewide Network of 275 Branches to Serve as Collection Sites for Governor’s School Supply Drive
Tower Federal Credit Union Partners with Greenlight to Help Parents Raise Financially Smart Kids and Teens
Vizo Financial Announces Board Officers Following 2026 Annual Meeting
Baker Market Update – Week in Review: June 26, 2026
Worth Credit Union Names Katie Turner-Carr Senior Vice President – Chief People Officer
Ken Gardner Promoted to Vice President of Human Resources at Greater Texas|Aggieland Credit Union
Chartway Awards Directors’ Memorial Scholarships to 13 Student-Members
NASCUS Honors Janet Powell’s Distinguished Career and Service to the State Credit Union System
Credit union CDFI recertifications are beginning to be finalized
eDOC Innovations Launches eDOC Chat Beta Program
Vizo Financial’s July 2026 Education Calendar
Birthday Benefit Bash hits a high note for North Bay youth music programs
Alogent and Solution Optimizers Partner to Help Financial Institutions Optimize and Scale ECM Strategies
LAFCU promotes Steve Jorgensen to vice president of lending
Sound Credit Union Recognizes 2026 Scholarship Recipients
SchoolsFirst Federal Credit Union Announces Five-Year Partnership with the University Foundation at Sacramento State
SchoolsFirst Federal Credit Union Announces Winners of 2026 Member Education Award Scholarships
Historic Scale, Successful Outcome: Corelation Completes Largest Conversion in Company History with Mountain America Credit Union
Corporate Central Partners with Advanced Fraud Solutions to Deliver ACH Fraud Scanning Through Beastro
Quavo Fraud & Disputes Earns SOC 1® Report, Demonstrating Commitment to Financial Institution Controls
Baker Market Update – Week in Review: June 18, 2026
TDFCU Announces New CEO to Drive Its Vision Forward
Greater Texas|Aggieland Credit Union Sweeps Pinnacle Awards With Six Wins
One Fintech Opened More New Checking Accounts Last Year Than All U.S. Credit Unions Combined
Baker Market Update – Week in Review: July 2, 2026
TriUnity Foundation Opens National Grant Cycle for Credit Union Members Facing Terminal Illness
Redwood Credit Union named to Newsweek’s America’s Greatest Midsize Workplaces 2026
Stephanie Schmidt Earns National Check Professional Accreditation
CUES and TruStage® Announce Inaugural 2026 Leadership Pathways Cohort
Texas A&M IBE Students Raise $54,000 for Local Nonprofits
SECU’s Statewide Network of 275 Branches to Serve as Collection Sites for Governor’s School Supply Drive
Tower Federal Credit Union Partners with Greenlight to Help Parents Raise Financially Smart Kids and Teens
Vizo Financial Announces Board Officers Following 2026 Annual Meeting
Baker Market Update – Week in Review: June 26, 2026
Worth Credit Union Names Katie Turner-Carr Senior Vice President – Chief People Officer
Ken Gardner Promoted to Vice President of Human Resources at Greater Texas|Aggieland Credit Union
Chartway Awards Directors’ Memorial Scholarships to 13 Student-Members
NASCUS Honors Janet Powell’s Distinguished Career and Service to the State Credit Union System
Credit union CDFI recertifications are beginning to be finalized
eDOC Innovations Launches eDOC Chat Beta Program
Vizo Financial’s July 2026 Education Calendar
Birthday Benefit Bash hits a high note for North Bay youth music programs
Alogent and Solution Optimizers Partner to Help Financial Institutions Optimize and Scale ECM Strategies
LAFCU promotes Steve Jorgensen to vice president of lending
Sound Credit Union Recognizes 2026 Scholarship Recipients
SchoolsFirst Federal Credit Union Announces Five-Year Partnership with the University Foundation at Sacramento State
SchoolsFirst Federal Credit Union Announces Winners of 2026 Member Education Award Scholarships
Historic Scale, Successful Outcome: Corelation Completes Largest Conversion in Company History with Mountain America Credit Union
Corporate Central Partners with Advanced Fraud Solutions to Deliver ACH Fraud Scanning Through Beastro
Quavo Fraud & Disputes Earns SOC 1® Report, Demonstrating Commitment to Financial Institution Controls
Baker Market Update – Week in Review: June 18, 2026
TDFCU Announces New CEO to Drive Its Vision Forward
Greater Texas|Aggieland Credit Union Sweeps Pinnacle Awards With Six Wins
One Fintech Opened More New Checking Accounts Last Year Than All U.S. Credit Unions Combined
Baker Market Update – Week in Review: July 2, 2026
TriUnity Foundation Opens National Grant Cycle for Credit Union Members Facing Terminal Illness
Redwood Credit Union named to Newsweek’s America’s Greatest Midsize Workplaces 2026
Stephanie Schmidt Earns National Check Professional Accreditation
CUES and TruStage® Announce Inaugural 2026 Leadership Pathways Cohort
Texas A&M IBE Students Raise $54,000 for Local Nonprofits
