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.
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.
SESLOC Announces New Financial Advisor
SESLOC Announces New CFS* Financial Advisor, Chris Datu, a registered financial advisor with SESLOC’s broker/dealer CUSO Financial Services, L.P.* (CFS), to SESLOC’s Wealth Management program.
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.
Indiana Members Credit Union Announces Retail Operations Team Promotions
Indiana Members Credit Union is pleased to announce 4 Retail Operations team promotions, further strengthening its organization.
Securityplus Federal Credit Union Announces Merger with Mount Lebanon Federal Credit Union
Securityplus Federal Credit Union, headquartered in Baltimore, Maryland announced the successful merger of Mount Lebanon Federal Credit Union (MLFCU) with its Credit Union.
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.
Christian Community Credit Union Donates $10,000 to Assist in Release of MAF Pilot Ryan Koher
Christian Community Credit Union (CCCU) has donated $10,000 to aid in the release of MAF pilot Ryan Koher who has been in a Mozambican high-security prison since November 4, 2022.
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.
Eltropy Introduces Revolutionary “Digital Conversations Platform”
Eltropy today announced the introduction of a first-of-its-kind Digital Conversations Platform — designed specifically for credit unions. This platform allows credit unions to create personalized member experiences for every interaction — whether in-branch or digital through any communication channel. It utilizes automation to respond to simple interactions 24/7, allowing CU staff to focus on higher-value
Co-op Solutions Introduces Co-op Pay Network
To position credit unions to receive the most favorable debit point-of-sale terms, Co-op Solutions has formed a new debit POS network specifically for these institutions. Co-op Pay Network is open to every credit union, regardless of debit processing relationship.
Arkatechture and Credit Unions First Partner Up
Credit Unions First, the credit union insurance CUSO has partnered up with credit union data analytics provider, Arkatechture CUSO
Baker Market Update – Week in Review: February 24, 2023
Released every Friday, BMU is a brief and informative newsletter that provides financial institutions a review of the week’s economic developments.
CUES Releases The State of Credit Union Governance, 2023 Report
CUES and partner Quantum Governance, L3C, have released The State of Credit Union Governance, 2023. Drawing on data from CU board assessments, it focuses on four key elements of governance: roles and responsibilities, trust, engagement and accountability.
Killins Elected to TruPartner Board of Directors
TruPartner Credit Union is pleased to announce that Robert Killins has been elected to the Board of Directors. He will serve as Treasurer during the three-year term.
Career Mastered Magazine Recognizes SECU’s Emma Hayes for Diversity and Inclusion Leadership
SECU is pleased to announce that Chief Culture Officer Emma Hayes has been named to the “2023 Women’s Leadership Diversity IMPACT 50 List” by Career Mastered Magazine.
BECU Grows Presence with Neighborhood Financial Centers in Monroe and Columbia City
BECU, Washington’s largest credit union, today announced it will open new financial centers in Monroe, Washington and in the Columbia City neighborhood of Seattle.
Nationwide Search for Next CUES CEO Launched with DDJ Myers as Facilitator
Nationwide Search for Next CUES CEO Launched with DDJ Myers as Facilitator
Sharetec Core Celebrates 25 Years of Service to 16 Credit Unions
LINO LAKES, MN – Today, Sharetec Systems, a leading provider of innovative core processing software, celebrates the milestone of 16 credit unions and their partnership with Sharetec for over 25 years. Sharetec has prioritized providing exceptional service and support to credit union partners and is vested in their long-term success. These longstanding partners from across
InFirst Federal Credit Union Executive Leadership Changes
ALEXANDRIA, VA (02/22/2023) – InFirst Federal Credit Union (InFirst) announces changes to its Executive Leadership team. Please see the attached Press Release.
Greater Texas|Aggieland’s Greater Good Campaign Increased Community Service in 2022
Greater Texas|Aggieland Credit Union donated nearly $200,000 to charities in Central Texas, the Brazos Valley and other service areas of Texas last year. The donations were part of the credit union’s Greater Good campaign, a corporate-wide initiative to increase community service and engagement.
Clearview Federal Credit Union Announces Lisa Florian as President & CEO
The Clearview Federal Credit Union Board of Directors is pleased to announce that Lisa Florian will be the first female President & CEO in Clearview’s history, effective April 1, 2023. Florian’s appointment to the Clearview helm follows the announcement of the departure of the current President & CEO, Ron Celaschi, who will retain the position
Credit Unions Form CUSO to Access Prizeout’s Innovative Technology and Disrupt Traditional Banking Models
Nine credit unions nationwide have joined the Prizeout Partners CUSO to give their members access to more funds during the economic downturn, support their local community merchants, and increase their institutions’ non-interest income
APL FCU Lowers Delinquency Rate by 20% with Eltropy
As a result of APL Federal Credit Union’s Text Messaging platform from Eltropy, delinquency rates dropped by 20%, call volumes on loan applications dropped by 60%, and more than 200 automated Texts are now being sent per week. What’s more, APL is seeing its biggest auto and home loan growth in the 70-year history of
UMassFive Announces Recent Management Promotions
UMassFive is excited to announce two recent management team promotions: Assistant Vice President of Information Technology, Melvin Olivo, and Information Technology Manager, Theo Streeter.
PSCU Named One of America’s Best Midsize Employers by Forbes
PSCU, the nation’s premier payments credit union service organization (CUSO) and an integrated financial technology solutions provider, has been named to the Forbes list of America’s Best Midsize Employers 2023.
Alogent Launches Alogent Shield: Advanced Check Fraud Mitigation Suite of Capabilities Utilizing AI and Machine Learning to Reduce Losses Across All Deposit Channels
Aggieland Credit Union Finances $53,000 in Texas A&M Student-run Entrepreneurial Ventures
Eltropy CEO to Address Branch Banking Innovation at Future Branches 2024
TowerCares Foundation Surpasses $3 Million in Donations, Grants and Scholarships to Help Military Heroes, Veterans and Children in Need
Coastal Credit Union School Supply Drive Benefits 29 Local Schools
United Federal Credit Union Hires Chief Commercial Officer to Lead Business Lending and Deposit Growth
Autotruck Financial Credit Union Chooses Sharetec for Shared Values and Digital Innovation
Landings Credit Union Secures $81,000 Ahead Grant to Support Tempe Community Action Agency’s (TCAA) Economic Empowerment Programs
First Hope Bank Partners with Arkatechture to Drive Data Innovation and Enhance Customer Experience
SECU’s Leigh Brady Named to 2024 Most Powerful Women in Credit Unions List by American Banker
GreenState appoints new Chief Risk Officer, Ryan Gage
Chartway Credit Union Expands with New Branches, Products, & Services
United Federal Credit Union Promotes Two to Branch Manager Positions in Indiana
GTE Financial Elevates Leadership: Manny Aguilar and Dona Svehla Promoted to Key Executive Roles
United Federal Credit Union Names New Mortgage Advisor in Battle Creek
Maine Credit Union Grows Assets by More Than 60%
INOVA’S Samuel Kamwenji Receives Minority Business Excellence Award for Service
NCOFCU Awards it 2024 Vollunteer of the Year and Lifetime Achivement Awards at their San Antonio Conference
Maine Family Federal Credit Union Raises Over $1,000 in One Day for the Campaign for Ending Hunger
Amrita Prasad of SafeAmerica Credit Union Featured on Women of Community Banking Video Podcast
SchoolsFirst Federal Credit Union Announces Application Timeline for Member Education Award Scholarships
Eltropy Showcases AI-Driven Solutions at VentureTech 2024, Celebrates Industry Innovation
Advia Credit Union Launches Instant Payments with FedNow® and RTP, Enhancing Member Experience
Cetera Welcomes Eglin Federal Credit Union
Horizon Helps Build a Better Future With $10,000 Donation
GTE Financial Announces Key Promotions in Talent Development and Talent Administration Teams
Coastal Credit Union Collecting Toys for Tots
Six Credit Unions Partner with myCUmortgage for Comprehensive Home Loan Services
LGE Community Credit Union wins two Marketing Association of Credit Unions awards
INTRODUCING TRIUNITY FOUNDATION: HELPING ELIMINATE DEBT FOR THOSE FACING TERMINAL ILLNESSES
Alogent Launches Alogent Shield: Advanced Check Fraud Mitigation Suite of Capabilities Utilizing AI and Machine Learning to Reduce Losses Across All Deposit Channels
Aggieland Credit Union Finances $53,000 in Texas A&M Student-run Entrepreneurial Ventures
Eltropy CEO to Address Branch Banking Innovation at Future Branches 2024
TowerCares Foundation Surpasses $3 Million in Donations, Grants and Scholarships to Help Military Heroes, Veterans and Children in Need
Coastal Credit Union School Supply Drive Benefits 29 Local Schools
United Federal Credit Union Hires Chief Commercial Officer to Lead Business Lending and Deposit Growth
Autotruck Financial Credit Union Chooses Sharetec for Shared Values and Digital Innovation
Landings Credit Union Secures $81,000 Ahead Grant to Support Tempe Community Action Agency’s (TCAA) Economic Empowerment Programs
First Hope Bank Partners with Arkatechture to Drive Data Innovation and Enhance Customer Experience
SECU’s Leigh Brady Named to 2024 Most Powerful Women in Credit Unions List by American Banker
GreenState appoints new Chief Risk Officer, Ryan Gage
Chartway Credit Union Expands with New Branches, Products, & Services
United Federal Credit Union Promotes Two to Branch Manager Positions in Indiana
GTE Financial Elevates Leadership: Manny Aguilar and Dona Svehla Promoted to Key Executive Roles
United Federal Credit Union Names New Mortgage Advisor in Battle Creek
Maine Credit Union Grows Assets by More Than 60%
INOVA’S Samuel Kamwenji Receives Minority Business Excellence Award for Service
NCOFCU Awards it 2024 Vollunteer of the Year and Lifetime Achivement Awards at their San Antonio Conference
Maine Family Federal Credit Union Raises Over $1,000 in One Day for the Campaign for Ending Hunger
Amrita Prasad of SafeAmerica Credit Union Featured on Women of Community Banking Video Podcast
SchoolsFirst Federal Credit Union Announces Application Timeline for Member Education Award Scholarships
Eltropy Showcases AI-Driven Solutions at VentureTech 2024, Celebrates Industry Innovation
Advia Credit Union Launches Instant Payments with FedNow® and RTP, Enhancing Member Experience
Cetera Welcomes Eglin Federal Credit Union
Horizon Helps Build a Better Future With $10,000 Donation
GTE Financial Announces Key Promotions in Talent Development and Talent Administration Teams
Coastal Credit Union Collecting Toys for Tots
Six Credit Unions Partner with myCUmortgage for Comprehensive Home Loan Services
LGE Community Credit Union wins two Marketing Association of Credit Unions awards
INTRODUCING TRIUNITY FOUNDATION: HELPING ELIMINATE DEBT FOR THOSE FACING TERMINAL ILLNESSES
Alogent Launches Alogent Shield: Advanced Check Fraud Mitigation Suite of Capabilities Utilizing AI and Machine Learning to Reduce Losses Across All Deposit Channels
Aggieland Credit Union Finances $53,000 in Texas A&M Student-run Entrepreneurial Ventures
Eltropy CEO to Address Branch Banking Innovation at Future Branches 2024
TowerCares Foundation Surpasses $3 Million in Donations, Grants and Scholarships to Help Military Heroes, Veterans and Children in Need
Coastal Credit Union School Supply Drive Benefits 29 Local Schools
United Federal Credit Union Hires Chief Commercial Officer to Lead Business Lending and Deposit Growth
