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.
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
INOVA Federal Announces Promotions Within Its Leadership Team
INOVA Federal is proud to announce the promotions of several members of its leadership team.
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 developments.
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 the Marine Toys for Tots program. Every year, the credit union sets up donation boxes at their branches, which serve as convenient drop-off sites for members and staff to donate new, unwrapped toys.
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 $13.7 million distributed through four quarterly dividends to perpetual contributed capital (PCC) owners, with an annualized dividend rate of 6.05% and a Q4 rate of 5.65%. Additionally, members using two or more payment solutions received
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 six-month Leadership Institute Part I certificate program through the University of Wisconsin-Milwaukee’s School of Continuing Education in partnership with the Wisconsin Credit Union League.
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 developments.
Coastal Credit Union Hires Bryan Sherrick, Chief Risk Officer & General Counsel
BECU to Open New Locations in Kirkland and Stanwood, Washington in 2025
myCUmortgage is Thrilled to Announce New Partnerships with Three Credit Unions
The team at INOVA Federal recently presented a check for $3,000 to the American Cancer Society.
Justin Quainton joins LAFCU as commercial lending officer
Credit Unions Vs. Banks: A Comprehensive Industry Analysis
Pennsylvania Department of Banking and Securities Receives NASCUS Reaccreditation
United Federal Credit Union Promotes Lydia Negron to Branch Manager in Pennsylvania
Pasadena Federal Credit Union Selects Rami Borsheh as Chief Lending Officer (CLO)
State of Connecticut Department of Banking Receives NASCUS Reaccreditation
SchoolsFirst FCU Announces 23 New Third-Party Administrator Agreements with California School Districts
Gulf Winds Collects 2,000 lbs. Food Donations Across Field of Membership
Baker Market Update – Week in Review: January 10, 2025
Treasury Department Federal Credit Union Welcomes Lee Woolley as New President and CEO
Baltimore County Employees Federal Credit Union Selects Mark Caverly as President/CEO
SECU Foundation Awards $500,000 Grant for Expansion of Community Crossroads Center in Pitt County
Applications Now Open for CUES Emerge 2025: Elevate Your Leadership Potential
INOVA Federal Hires Nick Matthews As Their Chief Business Services Officer
LGE Community Credit Union named to Newsweek’s America’s Best Credit Unions 2025
Alloya Announces Fee Waiver for All Members
Advia Credit Union Commits $42,000 in Youth and WMU Aviation Scholarships
UMassFive Announces January – April 2025 Financial Wellness Webinars
Chartway Promise Foundation Marks 20 Years of Helping Promise Heroes with Record $1.1M in Charitable Grants
Eltropy Acquires Lexop to Modernize Loan Repayment and Collections for Credit Unions and Community Banks
INOVA Federal Announces Promotions Within Its Leadership Team
Baker Market Update – Week in Review: January 3, 2025
Another Successful Toy Drive at Peach State FCU to Benefit Toys for Tots
Corporate One Federal Credit Union Returns $15.5 Million to Members in 2024
Shannon Cate Earns Certified Wisconsin Credit Union Leader Designation Through Leadership Institute
Baker Market Update – Week in Review: December 27, 2024
Coastal Credit Union Hires Bryan Sherrick, Chief Risk Officer & General Counsel
BECU to Open New Locations in Kirkland and Stanwood, Washington in 2025
myCUmortgage is Thrilled to Announce New Partnerships with Three Credit Unions
The team at INOVA Federal recently presented a check for $3,000 to the American Cancer Society.
Justin Quainton joins LAFCU as commercial lending officer
Credit Unions Vs. Banks: A Comprehensive Industry Analysis
Pennsylvania Department of Banking and Securities Receives NASCUS Reaccreditation
United Federal Credit Union Promotes Lydia Negron to Branch Manager in Pennsylvania
Pasadena Federal Credit Union Selects Rami Borsheh as Chief Lending Officer (CLO)
State of Connecticut Department of Banking Receives NASCUS Reaccreditation
SchoolsFirst FCU Announces 23 New Third-Party Administrator Agreements with California School Districts
Gulf Winds Collects 2,000 lbs. Food Donations Across Field of Membership
Baker Market Update – Week in Review: January 10, 2025
Treasury Department Federal Credit Union Welcomes Lee Woolley as New President and CEO
Baltimore County Employees Federal Credit Union Selects Mark Caverly as President/CEO
SECU Foundation Awards $500,000 Grant for Expansion of Community Crossroads Center in Pitt County
Applications Now Open for CUES Emerge 2025: Elevate Your Leadership Potential
INOVA Federal Hires Nick Matthews As Their Chief Business Services Officer
LGE Community Credit Union named to Newsweek’s America’s Best Credit Unions 2025
Alloya Announces Fee Waiver for All Members
Advia Credit Union Commits $42,000 in Youth and WMU Aviation Scholarships
UMassFive Announces January – April 2025 Financial Wellness Webinars
Chartway Promise Foundation Marks 20 Years of Helping Promise Heroes with Record $1.1M in Charitable Grants
Eltropy Acquires Lexop to Modernize Loan Repayment and Collections for Credit Unions and Community Banks
INOVA Federal Announces Promotions Within Its Leadership Team
Baker Market Update – Week in Review: January 3, 2025
Another Successful Toy Drive at Peach State FCU to Benefit Toys for Tots
Corporate One Federal Credit Union Returns $15.5 Million to Members in 2024
Shannon Cate Earns Certified Wisconsin Credit Union Leader Designation Through Leadership Institute
Baker Market Update – Week in Review: December 27, 2024
Baker Market Update – Week in Review: September 05, 2025
Valley Credit Union Welcomes Ben Kuss as Chief Marketing Officer
Maine Credit Unions Launch Fraud Awareness Video to Protect Older Mainers
SECU Foundation Awards $170,000 Grant to Carolinas Foundation for Hospice and Home Care
EECU Surpasses $5 Billion in Assets, Marking Historic Milestone in Member Growth and Community Impact
For Immediate Release – NACUSO Appoints Randy Salser as President/CEO