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.
Indiana Members Credit Union Contributes $883 to Johnson Memorial Hospital Foundation
Indiana Members Credit Union presented a check for $883 to Johnson Memorial Hospital Foundation as part of an ongoing debit card giveback program.
QuantyPhi Introduces Enhanced Mortgage Servicing Rights Valuation for Credit Unions
QuantyPhi, a CUSO specializing in credit union balance sheet optimization, recently announced an enhanced Mortgage Servicing Rights valuation model offering. QuantyPhi built the sophisticated model to calculate the value of a credit union’s mortgage loan servicing income on loans that have been sold, but for which the servicing rights are retained as an income stream.
Wescom Financial Services Announces Transition of Broker-Dealer Services to CUSO Financial Services
Nearly $6 billion credit union continues to grow personalized and innovative wealth management services for its members through partnership with CFS
UMassFive Hosting Winter Coat and Cold-Weather Clothing Drive
We are running a winter coat and cold-weather clothing drive at our Hadley, Northampton, and Springfield branches throughout the month of December. All donations will be distributed in partnership with the Amherst Survival Center.
Greater Texas Credit Union Employees Adopt Eight Families from Any Baby Can for Christmas
Almost 30 years ago, Jacqueline Hammett’s daughter Mystique spent the Christmas holidays in the neonatal unit of a children’s hospital, facing serious health challenges.
OCCU CDO named Real Men Wear Pink Ambassador of the Year
OCCU Chief Digital Officer Brian Alfano raised more than $25,000 for the American Cancer Society’s Real Men Wear Pink breast cancer fundraising campaign, catapulting him to win the award for top local fundraiser and Real Men Wear Pink Ambassador of the Year for Lane County.
American Credit Union Mortgage Association Announces Open Registration for 2023 ACUMA Workshops
It’s time to start planning your professional development for 2023, and foremost among the many educational opportunities should be your attendance at one of the 2023 FOCALpoint Workshops sponsored by the American Credit Union Mortgage Association (ACUMA). Registration is now open through the ACUMA website at acuma.org.
National Cooperative Bank Provides a $5 Million Subordinated Debt Loan to EFCU Financial
National Cooperative Bank (NCB), a leading financial institution dedicated to providing banking solutions to cooperatives and socially responsible organizations nationwide, is pleased to announce a $5 million subordinated debt loan to EFCU Financial. EFCU Financial, a low-income designated credit union with over 55,000 members is headquartered in Baton Rouge, LA, and was the 13th chartered
New White Paper from Co-op Solutions Provides CU Growth Strategies
Co-op Solutions has unveiled a new industry white paper designed to help credit unions both plan and execute their own highly effective member-centricity strategies.
CUSO Helps Small Credit Unions Deliver Competitive Employee Health Plans; Launches Insurance Agency
InterLutions, a CUSO specializing in employee benefit solutions, recently launched a comprehensive employee benefits plan for small credit unions called the I-Care Health Plan. Delivered through the CUSO’s insurance agency, the I-Care Health Plan offers credit unions a competitive alternative for employee health care benefits through enhanced underwriting, pooled employee programs, and flexible plan designs.
UVA Community Credit Union Welcomes Belinda Tucker as Chief Operating Officer
Belinda Tucker has been hired as the new Chief Operating Officer (COO) at the Credit Union. She will report to President/CEO Susan Gruber as the support for the Credit Union’s marketing, retail delivery strategy, loan servicing, operations, Member Service Center, and member experience departments.
United Federal Credit Union Donates $29,000 During Giving Tuesday
United Federal Credit Union donated a total of $29,000 during Giving Tuesday on November 29, 2022. The funds were given to 16 organizations in Arkansas, Indiana, Michigan, Nevada and North Carolina.
Baker Market Update – Week in Review: December 02, 2022
Released every Friday, BMU is a brief and informative newsletter that provides financial institutions a review of the week’s economic developments.
Coastal Credit Union Promotes Jennifer Gallagher to Director of Branch Expansion and Optimization
Coastal Credit Union has promoted Jennifer Gallagher to Director of Branch Expansion and Optimization. In her new role, Gallagher will have the opportunity to carry out Coastal’s mission to enrich the lives of members and their communities by helping to grow and optimize the network of advisory centers where the credit union provides financial support
Support EXP’s Genesis Scales Survey Platform Sophistication for Right-Sized Success
Support EXP is excited to introduce Genesis, a streamlined version of its comprehensive Insight Builder member survey platform. Genesis is designed for credit unions under $500M in assets, or larger credit unions that want to ‘walk before they run’ with an MX program.
Texas Trust Gives Foundation Donates $7,500 to Toys for Tots in Honor of Organization’s 75th Anniversary
For 75 years the Marine Corp Reserves have provided toys to children in need at Christmas throughout the U.S. As a proud supporter of Toys for Tots and in honor of the 75th anniversary, the Texas Trust Gives Foundation gave $7,500 to the organization.
14,000 Members Returned to Gredit Unions
NOTE: Please republish this as the recent PR published yesterday contained a “DRAFT” watermark. Thanks, Mike Hales CU Revest
Louis Jenkins Jr. Joins Redwood Credit Union as Vice President of Sales and Service
Redwood Credit Union has hired Louis Jenkins Jr. as vice president of sales and service.
Palisades Credit Union Expands Partnership with Synergent® for Zelle®
Synergent® is pleased to announce that Palisades Credit Union has expanded its partnership with Synergent by launching Zelle®. This is Synergent’s first credit union client to go live with this Peer-to-Peer payments solution.
Over $225k in Scholarships and Educational Grants to be Awarded by Peach State FCU C.A.R.E.S. Foundation
The Peach State FCU C.A.R.E.S. Foundation has announced it is now accepting applications for its 2023 scholarship program. This year, the foundation will be awarding over $225,000 in scholarships and educational grants to emerging professionals and graduating high school seniors attending post-secondary studies.
Miami Firefighters Federal Credit Union Selects Bryan S. Woodward As Their Next President/CEO
The Board of Directors of Miami Firefighters Federal Credit Union is pleased to announce the appointment of Bryan S. Woodward as the credit union’s new President and CEO.
Kudos recognizes OCCU
OCCU is among 32 companies honored in Kudos, Inc.’s, annual Best Culture Awards program.
Abbeville Community Federal Credit Union Members Approve Merger with Peach State Federal Credit Union
The members of Abbeville Community Federal Credit Union have approved a merger with Peach State Federal Credit Union. This announcement follows a vote that was held on November 28th at the credit union’s Abbeville, SC branch during a Special Meeting of Members. The financial merger, which has been approved by the National Credit Union Administration,
Pickens Federal Credit Union Members Endorse Merger with Peach State Federal Credit Union
The members of Pickens Federal Credit Union have voted in favor of a merger with Peach State Federal Credit Union. The Boards and management of both credit unions are committed to remaining highly competitive in today’s financial marketplace, with a shared goal of providing exceptional member service and quality financial products to their members.
United Federal Credit Union and American Red Cross Partner for Blood Drive in Southwest Michigan
Every two seconds, someone in the United States needs blood. Despite calls from the American Red Cross for donors, there is an ongoing urgent need for blood donations.
Teachers Federal Credit Union Kicks Off Annual “Season of Giving” Campaign Benefiting Nonprofit Organizations
Teachers Federal Credit Union, one of the largest credit unions in the United States with $9.2 billion assets and more than 420,000 members, is celebrating Giving Tuesday with the launch of its annual Season of Giving campaign and donating $50,000 to charity
TopLine Financial Credit Union Announces Retirement of Tom Smith, President and Chief Executive Officer
TopLine Financial Credit Union Announces Retirement of Tom Smith, President and Chief Executive Officer
Nusenda Members and Employees Donate Thousands of Coats for Annual KOATs for Kids Drive
Nusenda Credit Union Partnered with KOAT-TV for the 15th straight year to collect coats for kids in New Mexico. The month-long coat drive ended last week, with thousands pf contributions flooding in across the state.
14,000 Members Returned to Credit Unions
By helping charged-off member borrowers repay their financial obligation while significantly improving their credit score, CU Revest announces the return of 14,000 previously charged off members to good standing with their Credit Union.
Flasher Community CU Selects Sharetec as their Next Core Solution
Sharetec is pleased to announce that Flasher Community Credit Union in Flasher, ND, has selected Sharetec as their next core solution.
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