Press

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MSGCU 2023 year in review

CLINTON TOWNSHIP, MI (February 8, 2024) — Michigan Schools and Government Credit Union (MSGCU) is proud to share 2023 achievements and highlights, including community support initiatives, award recognitions, and member service enhancements. To support its commitment to the credit union philosophy of “people helping people,” ...

CFPB secures $12 million from ringleaders of foreclosure relief scam

WASHINGTON, D.C. (February 8, 2024) — The Consumer Financial Protection Bureau (CFPB) today announced that it resolved an appeal in a long-running enforcement suit against a foreclosure relief scam operation for $12 million in consumer redress and penalties. Consumer First Legal Group, LLC and ...

AFFCU names Senior Vice President & CFO

SAN ANTONIO, TX (February 8, 2024) — Air Force Federal Credit Union (AFFCU) is pleased to announce the appointment of Ricardo “Ric” Ledezma as its Senior Vice President and Chief Financial Officer. Ledezma joined AFFCU as CFO in September of 2022, later taking on the ...

NCUA and CDFI Fund to co-host Feb. 29 webinar on certification application

ALEXANDRIA, VA (February 8, 2024) — Credit unions interested in certification as Community Development Financial Institutions can learn about the application process on a February 29 webinar hosted by the National Credit Union Administration and the Community Development Financial Institutions Fund. Online registration for this ...

Tom Kraus, COO, named a 2024 St. Louis Titan 100 honoree

ST. LOUIS, MO (February 7, 2024) — Tom Kraus, Chief Operating Officer of Together Credit Union, has been named a 2024 St. Louis Titan 100 honoree.  Presented by Titan 100, the Titan 100 program recognizes CEOs and C-level executives who demonstrated exceptional leadership, vision, and ...

Ascend Federal Credit Union appoints Josh Sudbury as Chief Legal Officer

TULLAHOMA, TN (February 7, 2024) — Ascend Federal Credit Union, the largest credit union in Middle Tennessee, announced today that it has appointed Josh Sudbury as Chief Legal Officer (CLO). Sudbury is responsible for providing strategic legal and risk management advice to Ascend senior management ...

Compass Community Credit Union serving members with 5-Star strength

EUREKA, CA (February 7, 2024) — BauerFinancial, Inc., the Nation’s Premier Credit Union and Bank Rating Firm, , proudly acknowledges that Compass Community Credit Union has earned the highest, 5-Star rating for 55 consecutive quarters. Having maintained financial strength and stability for over a decade, ...

Valley Strong Credit Union releases 2023 Impact Report

KERN COUNTY, CALIFORNIA (February 7, 2024) — Today Valley Strong Credit Union released its 2023 Impact Report detailing the company’s  corporate social responsibility commitments over the past year and its continuing efforts to bring financial education to  the communities in which it serves. "I ...

Gemineye and Quorum Federal Credit Union celebrate five-year anniversary

SANDWICH, MASS (February 7, 2024) — The team at Gemineye (formerly The Knowlton Group) is excited to announce their five-year anniversary with Quorum Federal Credit Union, a $1.1B organization headquartered in Purchase, NY. Quorum is an entirely-online credit union with a unique operating system, ...

Maine State Credit Union to open new operations center in Farmingdale

AUGUSTA, ME (February 7, 2024) — Maine State Credit Union is excited to announce the expansion of its back-office operations to a new facility in Farmingdale just down the road from its headquarters in Augusta. The 9,000-square-foot location will serve as the home base ...

Jeanne D’Arc Credit Union’s Mark Cochran announces retirement

LOWELL, MA (February 7, 2024) — Jeanne D’Arc President and Chief Executive Officer, Mark S. Cochran, has announced his plans to retire later this summer. At his time of retirement, Cochran will have served for 17 years at the helm of the Credit Union. ...

Curql Collective forms first fintech accelerator cohort

DES MOINES, IA (February 7, 2024) — While serving as the on-ramp to fintech collaboration and innovation for credit unions, Curql Collective has taken a definitive step in accelerating that innovation among fintech startups. The Collective has just announced its creation of the first Curql ...

Trellance earns certification on CECL tool

TAMPA, FL (February 7, 2024) — Trellance, a leading technology partner providing innovative analytics, cloud and talent solutions to credit unions, recently received the MountainView Risk & Analytics Fundamental Model Functionality Certification for its Current Expected Credit Loss (CECL) tool. The MVRA certification process involved ...

TruStage’s January 2024 Credit Union Trends Report

MADISON, WI (February 7, 2024) — The Credit Union Trends Report is a monthly "pulse check" on the state of the credit union marketplace, often placed in a historical context. The report includes data from two months prior and is published and distributed by Steven ...

OPN® and Sharetec partner to deliver instant payments to credit unions

Open Payment Network (OPN), the provider of a secure technology platform that enables instant payments anytime, anywhere, and Sharetec, a leading provider of agile, bold credit union software that improves credit union operations and members’ financial lives, announced today they have integrated the OPN technology ...

VyStar Credit Union launches interactive financial fitness initiative

JACKSONVILLE, FL (February 7, 2024) — At a time when many individuals and families are in need of educational financial resources, VyStar Credit Union announces the launch of VyStar Financial Fitness. VyStar Financial Fitness encompasses free financial education resources covering savings, budgeting, investing, credit and ...

George Morales joins Mortgage Cadence sales team

DENVER, MO (February 7, 2024) — Mortgage Cadence, a subsidiary of Accenture (NYSE: ACN), has announced that George Morales will join the company’s sales team. Morales has nearly 25 years of mortgage & real estate industry experience. In his new role, he will use ...

GreenState Credit Union names Vikram Israni as CEO

NORTH LIBERTY, IA (February 7, 2024) — GreenState Credit Union is honored to announce the appointment of Vikram Israni as its new Chief Executive Officer (CEO). Israni brings decades of credit union experience and was previously Chief Financial Officer at Wings Credit Union headquartered in ...