Press

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NCUA Board approves final member expulsion rule

ALEXANDRIA, VA (July 20, 2023) — The National Credit Union Administration Board held its seventh open meeting of 2023 and approved a final rule on member expulsion. The NCUA’s Chief Financial Officer also briefed the Board on the agency’s midsession budget, and the ...

Sun East FCU selects Zachary Stecher as Chief Financial Officer

PHOENIX, AZ (July 20, 2023) — Sun East Federal Credit Union ($877M, Aston, PA) has selected Zachary Stecher to serve as its next chief financial officer (CFO). He was placed by DDJ Myers, the well-known leadership development firm. “Working with DDJ Myers, I had a ...

First Community Trust, N.A. welcomes new Chief Executive Officer

DUBUQUE, IOWA (July 20, 2023) — First Community Trust, N.A. (FCT), a nationally-chartered trust and wealth management company headquartered in Dubuque, Iowa, is pleased to announce the appointment of Adam Claypool as its new Chief Executive Officer effective August 1, 2023. Formed with the ...

CFPB report shows workers face risks from employer-driven debt

WASHINGTON, D.C. (July 20, 2023) — Today, the Consumer Financial Protection Bureau (CFPB) published a report highlighting the risks employer-driven debt poses to workers. After a review of responses to the CFPB’s public inquiry, the analysis describes the growing prevalence of employer-driven debt ...

GFA FCU welcomes John Knierim as EVP, Chief Financial Officer

GARDNER, MA (July 20, 2023) — GFA Federal Credit Union ($658M, Gardner, MA) has selected John Knierim to serve as Executive Vice President/Chief Financial Officer. Knierim, a senior executive with four decades of experience, was placed by DDJ Myers, the well-known leadership development firm. “...

Eglin Federal Credit Union opens new location in DeFuniak Springs

FORT WALTON BEACH, FL (July 19, 2023) — Eglin Federal Credit Union today held a ribbon-cutting ceremony for its DeFuniak Springs ATM/Video Teller Drive-thru located at 677 Highway 90. The first phase of this site is now open. A full-service branch will open at ...

Core10 joins the Jack Henry™ Vendor Integration Program (VIP)

FRANKLI, TN (July 19, 2023) — Core10, Inc. (Core10), a U.S.-based financial technology company that provides lending, account opening, and BaaS products, as well as software development services, today announced that it is expanding its participation in the Jack Henry™ Vendor Integration Program (...

June spending trends: summer spend in full swing

RANCHO CUCAMONGA, CA (July 19, 2023) — Summer spending is in full swing, as consumers are making the most of warm weather and lazy days to hit the beach, improve their golf game or spend time with family. On balance, June’s economic signals were ...

Sound Credit Union and UWT announce FinTech Incubator winner

TACOMA, WA (July 18, 2023) — Sound Credit Union (Sound) in partnership with the Milgard Center for Business Analytics at the University of Washington Tacoma (UWT), announced Prasanth Chaitanya Gupta Arisetty as the winner of the 2023 FinTech Incubator Challenge. Arisetty is the founder of ...

HUECU offers estate planning tools and education to membership

CAMBRIDGE, MA (July 18, 2023) — According to Caring.com’s 2023 Wills and Estate Planning Study, only 1 in 3 Americans have an estate plan. HUECU is working to increase that number by offering its members an easy, affordable and award-wining estate planning solution- ...

Origence hosts economic and lending webcast with Elliot Eisenberg

CENTENNIAL, CO (July 18, 2023) — Origence, the leading lending technology solutions provider for credit unions, is hosting a free webcast entitled “The US Economy: Rising Rates, Real Risks, and Recession?” with special guest speaker Economist Elliot Eisenberg on July 27, 2023 at time 11 ...