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.

Date

TopLine Financial Credit Union Donates Over $4,000 In Electronics To Help Young Adults Prepare For The New School Year

TopLine Financial Credit Union donated laptops and iPads to local non-profit Avenues for Youth to assist young adults with online access to complete their schoolwork. TopLine donated 25 laptops and 2 iPads valued around $4,000, and these refurbished devices will be distributed to young adults in one of four Avenues for Youth programs to support

TOWERCARES FOUNDATION AWARDS $150,000 IN COLLEGE SCHOLARSHIPS

Thirty college students studying STEM-related fields each received a $5,000 scholarship from the TowerCares Foundation. More than half of this year’s winners have parents who are affiliated with the Department of Defense, or serve in the U.S. Military.

UMassFive Introduces New Rewards Program for Checking Accounts

UMassFive—the best Credit Union in the Valley for 17 consecutive years*—is pleased to announce the latest enhancement to their checking accounts with the launch of cash back via uChoose® rewards. *UMassFive has been voted “Best Credit Union” in the Valley Advocate Reader Poll for seventeen consecutive years, including most recently in the 2023 edition.

Christian Financial Outreach & Impact Foundation awards $7,500 in grants to area nonprofits

Christian Financial Outreach & Impact Foundation awards $7,500 in grants to area nonprofits In second-largest grant distribution, Foundation elevates youth-focused and quality of life nonprofit recipients Sterling Heights, Mich., (Aug. 14, 2023) – In the Foundation’s second-largest grant distribution to date, the Christian Financial Credit Union Outreach & Impact Foundation awarded four grants totaling $7,500

Education Foundation for California Schools Raises $152,668 During Annual Golf Tournament Fundraiser

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 its annual golf tournament fundraising event raised a record-breaking $152,668, surpassing its goal and exceeding last year’s total raised of $148,000. The event was held earlier this summer at the

25 Credit Unions and Community Banks Now Live with Eltropy’s AI Technology

More than 25 credit union and community bank customers—including ACFCU, Barksdale Federal Credit Union, Eglin FCU, Financial Edge, First Credit Union, Highmark Federal Credit Union, PeopleFirst FCU, and TruStone Financial CU—are now live on Eltropy’s AI Chat and experiencing widespread success after implementation.

SECU Foundation Awards Charlotte Rescue Mission $500,000 Grant for new Rebound for Men Facility

SECU Foundation recently awarded Charlotte Rescue Mission (CRM) a $500,000 challenge grant to support a capital campaign for a new Rebound for Men residential recovery facility. The Foundation’s gift will help the nonprofit expand its impact for men battling homelessness and addiction and raise greater community awareness for the initiative. Foundation funds come from the

Corporate Central Welcomes Ken Pardon as Senior Software Engineer

Corporate Central is pleased to announce and welcome Ken Pardon as a Senior Software Engineer. In this role, Pardon will deliver business process improvements and automations that provide a positive return on investment for the organization. Please see the full press release and graphic attached.

Callahan & Associates Announces Trendwatch 2Q23

Callahan & Associates, a leading provider of insights and solutions for the credit union industry, invites industry leaders to participate in the popular Trendwatch 2Q23 event on Wednesday, August 16, at 2:00 PM ET. This virtual event offers valuable insights into performance trends based on the latest data from the second quarter of 2023.

Gulf Winds Selects Stephen Whiting as Director in Training

Gulf Winds Credit Union is pleased to announce the selection of Stephen Whiting, Executive Director of Technology Operations at Pensacola State College, as the newest Director in Training for the Board of Directors. As a Director in Training, Whiting will play a vital role in guiding the management of the Credit Union in support of

July’s Credit Union Social Media Blitz Reaches 9 Million People

The #ILoveMyCreditUnion Day mission is to raise credit union awareness by encouraging authentic high-energy conversation across social media platforms. By tapping into the credit union principles of cooperation among cooperatives and concern for community, the campaign stays true to the people helping people mission.

TopLine Financial Credit Union Receives National Recognition for Adult Financial Education Efforts

TopLine Financial Credit Union was honored with a national award from the Credit Union Financial Education Network (CUFEN) in the adult education category for the number of adults reached through personal financial education efforts. CUFEN recently reported that Minnesota credit unions reach 1,083 adults and students combined through a variety of financial education efforts. TopLine

Kentucky Credit Union League Selects Jim Kasch as President/CEO

Louisville, KY, August 8, 2023. The Board of Directors of the Kentucky Credit Union League is pleased to announce the selection of Jim Kasch as the credit union’s next President/Chief Executive Officer. Mr. Kasch will succeed Ms. Debbie Painter, who is retiring after serving Kentucky’s Credit Unions for decades, including in the role of President/CEO

Eden Village of Wilmington Receives $500,000 Grant from SECU Foundation for Tiny Home Initiative

Eden Village of Wilmington recently received a $500,000 grant from SECU Foundation to fund the first construction phase of a supportive housing complex and community center for the homeless in New Hanover County. The completed complex will consist of 31 fully furnished tiny homes located within a gated community. Residents will have access to supportive

Acadia Federal Credit Union Drives New Efficiencies by Centralizing Member Service on the Glia Interaction Platform

Acadia Federal Credit Union has digitally transformed member services with Glia, adding convenient digital-first service options and centralizing its call center on the Glia Interaction Platform. Unifying phone and digital channels has enabled the credit union to meet strong demand for commercial and consumer loans while supporting overall membership growth.

Ashley Chambers Selected as a Most Valuable Young Professional by CORP!

Ashley Chambers, Director of Business Development at Chief Financial Credit Union, as a recipient of the prestigious Most Valuable Young Professional (MVP) Award in CORP! Magazine’s Eighth Annual MVP Awards. This recognition celebrates Chambers’ outstanding contributions to the business community and her exceptional leadership skills.

GTE Financial Awards $78,000 In Scholarships To 26 Dedicated Students

GTE Financial leads the way in education, awarding 26 Tampa Bay student scholarships at the 12th Annual Scholarship Luncheon. Finalists received $3,000 each and spent the afternoon celebrating at TPepin’s Hospitality Centre with their families, the Judging Committee, GTE’s Executive Management team, and GTE’s Board of Directors.

SECU Foundation Supports 20 North Carolina Non-Profits with $800,000 in Capacity Building Grants

Twenty non-profits located across North Carolina have been awarded $800,000 in capacity building grants by SECU Foundation. The funding was part of the Foundation’s Mission Development Grant (MDG) program, providing each non-profit with $40,000 and an approved consultant to help address organizational needs for future business goals and sustainability.

A Practical Approach to Cost-Effective Indirect Lending

In today’s highly competitive financial landscape credit unions continually seek cost-effective solutions to strengthen their lending capabilities. Credit unions can leverage innovative and flexible indirect lending programs to optimize their lending operations while minimizing unnecessary expenses. By partnering with a trusted indirect lending industry leader, credit unions can harness technology and tailor services to achieve

CUSO’s ‘CU-Save’ Program Continues to Deliver Big Time Savings to Credit Unions

InterLutions, a CUSO providing contract negotiations and cost reduction services, continues to deliver eye-opening savings for its credit union clients. Since the launch of the program in 2017, InterLutions has helped 80 credit unions save over $30 million. The solution is called CU-Save and partners with the industry-leading advisory firm SRM to review third-party vendor

Personnel Promotions

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 ...
Making A Difference

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 ...
Other

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, ...
Personnel Promotions

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.
Other

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 ...
Other

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 ...
Making A Difference

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 ...
Making A Difference

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 ...
Charity Events

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 ...
Strategic Partnerships

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 ...
Personnel Promotions

INOVA Federal Announces Promotions Within Its Leadership Team

INOVA Federal is proud to announce the promotions of several members of its leadership team.
Industry Analysis & Trends

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 ...
Making A Difference

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 ...
Other

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 ...
Other

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 ...
Industry Analysis & Trends

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 ...
Other

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 ...
Personnel Promotions

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 ...
Making A Difference

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 ...
Industry Analysis & Trends

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 ...
Marketing

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 ...
New Product Releases

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 ...
Charity Events

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 ...
Technology

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 ...
Making A Difference

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 ...
Personnel Promotions

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). ...
Making A Difference

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 ...
Making A Difference

eDOC Spreads Holiday Cheer

As an annual tradition, the eDOC team provided gifts to twenty two local children and a family in Addison County, ...
Making A Difference

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, ...
Making A Difference

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 ...
Personnel Promotions

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 ...
Making A Difference

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 ...
Other

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, ...
Personnel Promotions

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.
Other

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 ...
Other

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 ...
Making A Difference

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 ...
Making A Difference

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 ...
Charity Events

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 ...
Strategic Partnerships

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 ...
Personnel Promotions

INOVA Federal Announces Promotions Within Its Leadership Team

INOVA Federal is proud to announce the promotions of several members of its leadership team.
Industry Analysis & Trends

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 ...
Making A Difference

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 ...
Other

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 ...
Other

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 ...
Industry Analysis & Trends

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 ...
Other

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 ...
Personnel Promotions

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 ...
Making A Difference

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 ...
Industry Analysis & Trends

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 ...
Marketing

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 ...
New Product Releases

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 ...
Charity Events

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 ...
Technology

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 ...
Making A Difference

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 ...
Personnel Promotions

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). ...
Making A Difference

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 ...
Making A Difference

eDOC Spreads Holiday Cheer

As an annual tradition, the eDOC team provided gifts to twenty two local children and a family in Addison County, ...
Making A Difference

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, ...
Making A Difference

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...
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