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

Coastal Credit Union Foundation Announces $300k in Grants for Q1 2026

The Coastal Credit Union Foundation has awarded $310,500 to 20 nonprofits in North Carolina during its Q1 2026 grant cycle. This quarter’s grant recipients reflect a broad range of impact areas, including food security, financial education, workforce development, housing and community services, and youth and family support, all core priorities of the Foundation’s mission.

Coastal Credit Union Promotes Jennifer Gallagher to VP, Support Services & Branch Expansion

Coastal Credit Union has promoted Jennifer Gallagher to Vice President of Support Services and Branch Expansion. In this expanded leadership role, Gallagher will assume responsibility for all Coastal facilities, fleet management, security, safety, office space planning, mail services, and Enterprise Document Management. She will continue to be responsible for growing and optimizing Coastal’s network of

Coastal Credit Union Issues 2026 Impact Report

Coastal Credit Union’s 2026 Member & Community Impact Report is now available. In addition to highlighting Coastal’s 2025 accomplishments and financial results, the report continues to tell the story of why Coastal exists, and how the credit union is making a difference to its members and the community. This year’s report covers: • Coastal’s Mission,

Coastal Credit Union Expands Mortgage Options with VA Loan Programs

Coastal Credit Union has announced the rollout of new mortgage programs designed to expand access to homeownership for more North Carolinians, especially military veterans. Coastal now offers a suite of Veterans Affairs (VA) mortgage products, including 15 year and 30 year purchase loans, refinances, and Interest Rate Reduction Refinance Loans (IRRRL).

Coastal Credit Union Surpasses $6 Billion in Assets

Coastal Credit Union announced that it has reached $6 billion in assets. Through the end of December, Coastal’s assets are $6.03 billion, an increase of nearly $1.5 billion since Tyler Grodi took the helm as President & CEO in 2023. “This milestone marks a pivotal step as we prepare Coastal to operate as a $10

Coastal Credit Union Foundation Awards Nearly $1 Million in Community Grants

The Coastal Credit Union Foundation awarded nearly $1 million in grants to nonprofit organizations across the region in 2025, impacting more than two million lives. Through partnerships with 70 mission-driven organizations, the Foundation supported programs that strengthened communities, expanded opportunity, and improved quality of life for individuals and families throughout the areas Coastal Credit Union

Coastal Credit Union Collects Toys for 200 Children in Salvation Army Angel Tree Program

Coastal Credit Union announced that it collected toys for 200 children in need, in partnership with the Salvation Army Angel Tree program. Coastal hosted Angel Trees at all area branches from November 10 to December 5. Credit union members and employees generously donated, ensuring that 100% of the angels available at Coastal were adopted.

Coastal Credit Union Announces Leadership Promotions in Lending Division

Coastal Credit Union has announced two promotions within its lending division. Jenee Alston has been promoted to Vice President of Consumer Lending and Matthew Swanner has been promoted to Vice President of Indirect Lending. Both leaders bring extensive experience, deep industry expertise, and a strong track record of performance that will support Coastal’s continued growth

Coastal Credit Union Foundation Opens Scholarship Applications for 2026–27 School Year

The Coastal Credit Union Foundation is proud to announce that scholarship applications for the 2026–2027 academic year are now open. The scholarship is designed to help students pursue higher education by easing the financial burden of college costs. It is open to students attending a four-year university, community college, or technical school, and scholarships may

Coastal Credit Union Foundation and Carolinas Credit Union Foundation Award Scholarship Funds to Sixteen Students

The Coastal Credit Union Foundation, in partnership with Carolinas Credit Union Foundation, is proud to announce sixteen recipients of the Credit Union Scholarship Program, totaling $36,000 awarded in scholarship funds. All scholarships are merit based, with five recognizing students’ volunteerism, and five being larger amounts based on financial needs.

Coastal Credit Union Transforms Headquarters for Hybrid Work and Collaboration

Coastal Credit Union has completed a transformative renovation of its headquarters in Raleigh, NC. What began as a response to space constraints evolved into a bold reimagining of the workplace, driven by the shift to hybrid work. The result is a state-of-the-art environment designed to foster flexibility, collaboration, and employee well-being. From flexible workstations and

Coastal Credit Union Hires Karen DeSalvo as VP, Marketing

Coastal Credit Union has hired Karen DeSalvo as its new VP of Marketing. In this role, DeSalvo will be responsible for all aspects of Coastal’s branding, advertising, product growth, and membership growth. DeSalvo has more than 25 years of executive level experience leading both strategic and operational execution of marketing initiatives. She has led rebranding

Coastal Credit Union Names Ewelina Caplap Vice President, Coastal Wealth Management

Coastal Credit Union announced that Ewelina Caplap has been appointed to Vice President of Coastal Wealth Management, available through CFS*. This aligns with the expanded opportunities that lie ahead with the program’s upcoming conversion to LPL Financial LLC. In her role, Caplap oversees the management and award-winning performance of Coastal’s program and drives its strategic

Coastal Credit Union Hires Anita Marshall to Lead Rocky Mount Branch

Coastal Credit Union has hired Anita Marshall as Branch Manager of its location at 1080 N. Winstead Ave in Rocky Mount. In her role, she will be responsible for delivering exceptional member service, relationship management, and community involvement. She will lead the branch team toward achieving the credit union’s goals around membership, loan, and deposit

Coastal Credit Union Foundation Announces Grants for Q1 2025

The Coastal Credit Union Foundation has awarded $348,500 to 19 nonprofits in North Carolina during its Q1 2025 grant cycle. The grants given to these nonprofits will improve access to resources and support affordable housing and financial well-being programs throughout our local communities.

Coastal Credit Union 2025 Impact Report

Coastal Credit Union’s 2025 Member & Community Impact Report is now available. In addition to highlighting our 2024 accomplishments and financial results, the report continues to tell the story of why Coastal exists, and how we are making a difference to our members and the community. This year’s report covers: – Our Mission, Vision and

Coastal Credit Union Promotes Michelle Shelton to Chief Operations Officer

Coastal Credit Union has named Michelle Shelton as Chief Operations Officer. In her new role, Shelton will oversee Coastal’s retail branch network, member contact centers, and wealth management division. She will develop and implement strategic plans to deepen member relationships, increase product adoption, and steward member financial well-being. Her teams will collaborate across business units

Coastal Credit Union Earns Four Awards from Carolinas Credit Union Foundation

Coastal Credit Union has earned four awards from the Carolinas Credit Union Foundation’s statewide awards program, recognizing remarkable and innovative efforts to support communities, provide financial education, and implement the credit union philosophy in daily operations. The awards honor three credit union pioneers who made a lasting impact on the worldwide credit union movement.

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

Coastal Credit Union Hires Two New Mortgage Vice Presidents

Coastal Credit Union has hired Stacey Daniels as its new VP, Mortgage Operations and Kevin Holton as VP, Mortgage Sales. Daniels will lead the strategic development and execution of Coastal’s mortgage operations, focusing on enhancing operational workflows, improving system efficiencies, and ensuring compliance with regulatory standards. She will work closely with the mortgage sales and

Coastal Credit Union School Supply Drive Benefits 29 Local Schools

Coastal Credit Union recently delivered nearly 11,000 school supplies to 29 Elementary schools throughout the counties that the credit union serves. Supplies were delivered during the first two weeks of November, and each school received a box with more than 375 items. Supplies were collected at Coastal branches and headquarters during the credit union’s Back-to-School

Operations & HR

Worth Credit Union Names Katie Turner-Carr Senior Vice President – Chief People Officer

FORT WORTH, Texas – Worth Credit Union is pleased to announce the appointment of Katie Turner-Carr as SVP – Chief ...
Personnel Promotions

Ken Gardner Promoted to Vice President of Human Resources at Greater Texas|Aggieland Credit Union

Greater Texas|Aggieland Credit Union has named Ken Gardner as its new Vice President of Human Resources.
Making A Difference

Chartway Awards Directors’ Memorial Scholarships to 13 Student-Members

Chartway Credit Union is proud to announce the recipients of its 2026 Directors’ Memorial Scholarships. This year, Chartway expanded eligibility ...
Making A Difference

NASCUS Honors Janet Powell’s Distinguished Career and Service to the State Credit Union System

The National Association of State Credit Union Supervisors (NASCUS) recognizes and celebrates the remarkable career of Janet Powell, Chief of ...
Other

Credit union CDFI recertifications are beginning to be finalized

CU Strategic Planning helping over a quarter of CDFI credit unions recertify Credit unions can finally begin celebrating their Community ...
New Product Releases

eDOC Innovations Launches eDOC Chat Beta Program

eDOC Innovations announces the launch of the eDOC Chat Beta Program, providing credit unions with an opportunity to experience a ...
Other

Vizo Financial’s July 2026 Education Calendar

At Vizo Financial we are committed to providing quality education to credit unions and their staff, which is why we ...
Charity Events

Birthday Benefit Bash hits a high note for North Bay youth music programs

The fourth annual Birthday Benefit Bash, a community fundraiser that celebrates the birthdays of Brett Martinez, President and CEO of ...
Strategic Partnerships

Alogent and Solution Optimizers Partner to Help Financial Institutions Optimize and Scale ECM Strategies

Alogent announced a strategic partnership with Solution Optimizers, a professional services and consulting firm, to help banks and credit unions ...
Personnel Promotions

LAFCU promotes Steve Jorgensen to vice president of lending

LANSING, Mich. — LAFCU has promoted Steve Jorgensen to vice president of lending, where he focuses on the credit union’s ...
Making A Difference

Sound Credit Union Recognizes 2026 Scholarship Recipients

TACOMA, WA – Sound Credit Union (Sound) recently recognized its scholarship recipients for the 2026–2027 academic year. The financial institution ...
Making A Difference

SchoolsFirst Federal Credit Union Announces Five-Year Partnership with the University Foundation at Sacramento State

SchoolsFirst Federal Credit Union has established a five-year partnership with the University Foundation on behalf of Sacramento State to support ...
Making A Difference

SchoolsFirst Federal Credit Union Announces Winners of 2026 Member Education Award Scholarships

SchoolsFirst FCU has awarded more than $200,000 in college scholarships to 245 recipients as part of its 2026 Member Education ...
Technology

Historic Scale, Successful Outcome: Corelation Completes Largest Conversion in Company History with Mountain America Credit Union

Corelation, Inc. is proud to announce the successful conversion of Mountain America Credit Union to its KeyStone core processing platform. ...
New Product Releases

Corporate Central Partners with Advanced Fraud Solutions to Deliver ACH Fraud Scanning Through Beastro

Corporate Central is pleased to announce it now offers ACH Fraud Scanning through a partnership with Advanced Fraud Solutions (AFS). ...
Strategic Partnerships

Quavo Fraud & Disputes Earns SOC 1® Report, Demonstrating Commitment to Financial Institution Controls

Wilmington, DE — June 23, 2026 — Quavo, Inc. (“Quavo”), the leading AI disputes technology partner and strategic advisor for ...
Industry Analysis & Trends

Baker Market Update – Week in Review: June 18, 2026

Released every Friday, BMU is a brief and informative newsletter that provides financial institutions a review of the week’s economic ...
Operations & HR

TDFCU Announces New CEO to Drive Its Vision Forward

Washington, D.C. – June 22, 2026 – The Treasury Department Federal Credit Union (TDFCU) Board of Directors is pleased to ...
Marketing

Greater Texas|Aggieland Credit Union Sweeps Pinnacle Awards With Six Wins

Greater Texas|Aggieland Credit Union took home six prestigious Pinnacle Awards at the annual Cornerstone League marketing competition, demonstrating outstanding creative ...
Lending

One Fintech Opened More New Checking Accounts Last Year Than All U.S. Credit Unions Combined

LendKey announced the release of “How Credit Unions Can Steal SoFi’s Playbook: A Guide to Member Acquisition, Relationship Depth, and ...
Making A Difference

Redwood Credit Union hosts free North Bay Shred‑a‑thons to fight fraud and support local nonprofits

Santa Rosa, Calif., June 17, 2026 — People wanting to protect themselves from fraud and identity theft should start with ...
Other

BECU expands further into South Puget Sound with new locations in Tumwater and Lacey

SEATTLE (June 17, 2026) — BECU, Washington’s largest credit union, is adding new Neighborhood Financial Centers (NFCs) in Tumwater and ...
Other

Chartway Ranked No. 1 Credit Union in Virginia by Forbes, Earns America’s Best-In-State Honor for Fifth Consecutive Year

Chartway Credit Union has been ranked the No. 1 credit union in Virginia and named to the Forbes list of ...
Other

Clearview Federal Credit Union Expands Pittsburgh-Area Presence with Flagship Financial Center

Clearview Federal Credit Union announced plans to expand its Pittsburgh-area presence with a new flagship financial center in Green Tree, ...
Industry Analysis & Trends

UNITED NATIONS FEDERAL CREDIT UNION PUBLISHES 2025 IMPACT REPORT

NEW YORK, 15 June 2026 – The United Nations Federal Credit Union, UNFCU, announced the release of its 2025 Impact ...
Other

Meriwest Credit Union Named a 2026 Best Place to Work for the Seventh Consecutive Year

Honored to be named a 2026 Best Place to Work by the San Francisco Business Times and Silicon Valley Business ...
Industry Analysis & Trends

Baker Market Update – Week in Review: June 12, 2026

Released every Friday, BMU is a brief and informative newsletter that provides financial institutions a review of the week’s economic ...
Operations & HR

Gulf Winds Welcomes Jennifer Perez as Vice President of Marketing

Gulf Winds Credit Union is excited to announce that Pensacola native Jennifer Perez has joined the senior leadership team as ...
Lending

National Cooperative Bank Provides $4 Million Subordinated Debt Loan to OnPath Federal Credit Union

National Cooperative Bank provided a $4 million subordinated debt loan to OnPath Federal Credit Union to support strategic initiatives, including ...
Personnel Promotions

Tower Federal Credit Union Welcomes Darena Merdzhanova as New Vice President of Compliance

Tower Federal Credit Union, one of Maryland’s largest credit unions, announces the hiring of Darena Merdzhanova, JD, MBA, CRCM as ...
Operations & HR

Worth Credit Union Names Katie Turner-Carr Senior Vice President – Chief People Officer

FORT WORTH, Texas – Worth Credit Union is pleased to announce the appointment of Katie Turner-Carr as SVP – Chief ...
Personnel Promotions

Ken Gardner Promoted to Vice President of Human Resources at Greater Texas|Aggieland Credit Union

Greater Texas|Aggieland Credit Union has named Ken Gardner as its new Vice President of Human Resources.
Making A Difference

Chartway Awards Directors’ Memorial Scholarships to 13 Student-Members

Chartway Credit Union is proud to announce the recipients of its 2026 Directors’ Memorial Scholarships. This year, Chartway expanded eligibility ...
Making A Difference

NASCUS Honors Janet Powell’s Distinguished Career and Service to the State Credit Union System

The National Association of State Credit Union Supervisors (NASCUS) recognizes and celebrates the remarkable career of Janet Powell, Chief of ...
Other

Credit union CDFI recertifications are beginning to be finalized

CU Strategic Planning helping over a quarter of CDFI credit unions recertify Credit unions can finally begin celebrating their Community ...
New Product Releases

eDOC Innovations Launches eDOC Chat Beta Program

eDOC Innovations announces the launch of the eDOC Chat Beta Program, providing credit unions with an opportunity to experience a ...
Other

Vizo Financial’s July 2026 Education Calendar

At Vizo Financial we are committed to providing quality education to credit unions and their staff, which is why we ...
Charity Events

Birthday Benefit Bash hits a high note for North Bay youth music programs

The fourth annual Birthday Benefit Bash, a community fundraiser that celebrates the birthdays of Brett Martinez, President and CEO of ...
Strategic Partnerships

Alogent and Solution Optimizers Partner to Help Financial Institutions Optimize and Scale ECM Strategies

Alogent announced a strategic partnership with Solution Optimizers, a professional services and consulting firm, to help banks and credit unions ...
Personnel Promotions

LAFCU promotes Steve Jorgensen to vice president of lending

LANSING, Mich. — LAFCU has promoted Steve Jorgensen to vice president of lending, where he focuses on the credit union’s ...
Making A Difference

Sound Credit Union Recognizes 2026 Scholarship Recipients

TACOMA, WA – Sound Credit Union (Sound) recently recognized its scholarship recipients for the 2026–2027 academic year. The financial institution ...
Making A Difference

SchoolsFirst Federal Credit Union Announces Five-Year Partnership with the University Foundation at Sacramento State

SchoolsFirst Federal Credit Union has established a five-year partnership with the University Foundation on behalf of Sacramento State to support ...
Making A Difference

SchoolsFirst Federal Credit Union Announces Winners of 2026 Member Education Award Scholarships

SchoolsFirst FCU has awarded more than $200,000 in college scholarships to 245 recipients as part of its 2026 Member Education ...
Technology

Historic Scale, Successful Outcome: Corelation Completes Largest Conversion in Company History with Mountain America Credit Union

Corelation, Inc. is proud to announce the successful conversion of Mountain America Credit Union to its KeyStone core processing platform. ...
New Product Releases

Corporate Central Partners with Advanced Fraud Solutions to Deliver ACH Fraud Scanning Through Beastro

Corporate Central is pleased to announce it now offers ACH Fraud Scanning through a partnership with Advanced Fraud Solutions (AFS). ...
Strategic Partnerships

Quavo Fraud & Disputes Earns SOC 1® Report, Demonstrating Commitment to Financial Institution Controls

Wilmington, DE — June 23, 2026 — Quavo, Inc. (“Quavo”), the leading AI disputes technology partner and strategic advisor for ...
Industry Analysis & Trends

Baker Market Update – Week in Review: June 18, 2026

Released every Friday, BMU is a brief and informative newsletter that provides financial institutions a review of the week’s economic ...
Operations & HR

TDFCU Announces New CEO to Drive Its Vision Forward

Washington, D.C. – June 22, 2026 – The Treasury Department Federal Credit Union (TDFCU) Board of Directors is pleased to ...
Marketing

Greater Texas|Aggieland Credit Union Sweeps Pinnacle Awards With Six Wins

Greater Texas|Aggieland Credit Union took home six prestigious Pinnacle Awards at the annual Cornerstone League marketing competition, demonstrating outstanding creative ...
Lending

One Fintech Opened More New Checking Accounts Last Year Than All U.S. Credit Unions Combined

LendKey announced the release of “How Credit Unions Can Steal SoFi’s Playbook: A Guide to Member Acquisition, Relationship Depth, and ...
Making A Difference

Redwood Credit Union hosts free North Bay Shred‑a‑thons to fight fraud and support local nonprofits

Santa Rosa, Calif., June 17, 2026 — People wanting to protect themselves from fraud and identity theft should start with ...
Other

BECU expands further into South Puget Sound with new locations in Tumwater and Lacey

SEATTLE (June 17, 2026) — BECU, Washington’s largest credit union, is adding new Neighborhood Financial Centers (NFCs) in Tumwater and ...
Other

Chartway Ranked No. 1 Credit Union in Virginia by Forbes, Earns America’s Best-In-State Honor for Fifth Consecutive Year

Chartway Credit Union has been ranked the No. 1 credit union in Virginia and named to the Forbes list of ...
Other

Clearview Federal Credit Union Expands Pittsburgh-Area Presence with Flagship Financial Center

Clearview Federal Credit Union announced plans to expand its Pittsburgh-area presence with a new flagship financial center in Green Tree, ...
Industry Analysis & Trends

UNITED NATIONS FEDERAL CREDIT UNION PUBLISHES 2025 IMPACT REPORT

NEW YORK, 15 June 2026 – The United Nations Federal Credit Union, UNFCU, announced the release of its 2025 Impact ...
Other

Meriwest Credit Union Named a 2026 Best Place to Work for the Seventh Consecutive Year

Honored to be named a 2026 Best Place to Work by the San Francisco Business Times and Silicon Valley Business ...
Industry Analysis & Trends

Baker Market Update – Week in Review: June 12, 2026

Released every Friday, BMU is a brief and informative newsletter that provides financial institutions a review of the week’s economic ...
Operations & HR

Gulf Winds Welcomes Jennifer Perez as Vice President of Marketing

Gulf Winds Credit Union is excited to announce that Pensacola native Jennifer Perez has joined the senior leadership team as ...
Lending

National Cooperative Bank Provides $4 Million Subordinated Debt Loan to OnPath Federal Credit Union

National Cooperative Bank provided a $4 million subordinated debt loan to OnPath Federal Credit Union to support strategic initiatives, including ...
Personnel Promotions

Tower Federal Credit Union Welcomes Darena Merdzhanova as New Vice President of Compliance

Tower Federal Credit Union, one of Maryland’s largest credit unions, announces the hiring of Darena Merdzhanova, JD, MBA, CRCM as ...

Worth Credit Union Names Katie Turner-Carr Senior Vice President – Chief People Officer

FORT WORTH, Texas – Worth Credit Union is pleased to announce the appointment of Katie Turner-Carr as SVP – Chief People Officer. Turner-Carr joins Worth ...

Ken Gardner Promoted to Vice President of Human Resources at Greater Texas|Aggieland Credit Union

Greater Texas|Aggieland Credit Union has named Ken Gardner as its new Vice President of Human Resources.

Chartway Awards Directors’ Memorial Scholarships to 13 Student-Members

Chartway Credit Union is proud to announce the recipients of its 2026 Directors’ Memorial Scholarships. This year, Chartway expanded eligibility beyond traditional undergraduate and graduate ...

NASCUS Honors Janet Powell’s Distinguished Career and Service to the State Credit Union System

The National Association of State Credit Union Supervisors (NASCUS) recognizes and celebrates the remarkable career of Janet Powell, Chief of Regulation and Supervision—Credit Unions for ...

Credit union CDFI recertifications are beginning to be finalized

CU Strategic Planning helping over a quarter of CDFI credit unions recertify Credit unions can finally begin celebrating their Community Development Financial Institution (CDFI) Fund ...

eDOC Innovations Launches eDOC Chat Beta Program

eDOC Innovations announces the launch of the eDOC Chat Beta Program, providing credit unions with an opportunity to experience a new, secure communication solution designed ...
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