Kinecta Federal Credit Union’s Keith Sultemeier elected as new chairman of CU Direct

CU Direct’s board election results and new officers announced during DRIVE ’19 Conference, financial partners Moghaddam recognized for service.

ONTARIO, CA (May 15, 2019)CU Direct, the nation’s leading credit union lending technology provider,hasannounced the results of their board of directors and officers electionsduring the company’s annual shareholders meetingat the DRIVE‘19 Conference.

Erin Mendez, president & CEO, Patelco Credit Union; Benson Porter, president & CEO, BECU; and Nader Moghaddam, president & CEO, Financial Partners Credit Unionwere re-elected to new three-year terms on the company’s board of directors.

CU Direct’s board of directors elected Keith Sultemeier, president and CEO, Kinecta Federal Credit Union, as the company’s new chairman during its officer’s election.  Sultemeier has served on CU Direct’s board since 2013.  The company’s board of directors also elected Jim Laffoon, president & CEO, Security Service Federal Credit Union,as vice chairman, and Erin Mendezas the board’s secretary and treasurer.

CU Direct’s board also announced that Bob McKay, president & CEO, Anheuser Busch Employees’ Credit Union has been appointed as a director on the board, afterserving as an associate director since August of 2017.McKay fills the vacancy created by outgoing director Chuck Purvis, president & CEO of Coastal Credit Union.

During the company’s shareholder’s meeting, CU Direct’s president and CEO, Tony Boutelle, along with the board of directors, recognized outgoing chairman, Nader Moghaddam, for his leadership, dedication and distinguished service as chairman of the board from 2017-2019.

“CU Direct and our board of directors wishes to express its sincere gratitude and appreciation to Nader for his leadership and guidance,” said Boutelle of Moghaddam.“His commitment to CU Direct’s advancement during his tenure as chairman has been very important to the company’s success.” Moghaddamremains a director on CU Direct’s board, which he has served on since 2011.

Also serving on CU Direct’s board of directors are:

  • Donna Bland, president & CEO, Golden 1 Credit Union
  • Sterling Nielsen, president & CEO, Mountain America Credit Union
  • Brett Martinez, president & CEO, Redwood Credit Union
  • John Lund, president & CEO, America First Credit Union (Ex-officio)
  • Jeff March, president & CEO, Citadel (Ex-officio)

Keith Sultemeier

About CU Direct

CU Direct has been a lending technology leader for 25 years, helping credit unions fund $368 billion in loans.  An enterprise lending solutions and technology company, CU Direct serves more than 1,100 credit unions and 15,600 auto dealers nationwide. CU Direct brings innovation and expertise to indirect lending, consumer and mortgage loan origination, point-of-sale, digital retail, analytics, marketing and CRM, auto shopping and business process outsourcing. For more information, visit Connect with CU Direct on Twitter and LinkedIn.


Bill Meyer
909.481.2360 |


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