Press

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In Hurricane Idalia’s wake, LSCU and SECUF support impacted credit unions

TALLAHASSEE, FL (August 31, 2023) — The League of Southeastern Credit Unions & Affiliates (LSCU) and the Southeastern Credit Union Foundation (SECUF) has leapt into action to support credit unions across Florida and Georgia impacted by Hurricane Idalia. In the days before Idalia’s arrival, ...

Park Community Credit Union Foundation awards $75,000 in nonprofit grants

Park Community Credit Union Foundation has awarded four nonprofits a total of $75,000 for the 2023 Pathways to Prosperity grant program. Pathways to Prosperity, created in celebration of the Foundation’s re-launch this year, supports projects in Kentucky and Southern Indiana that align with ...

Bridgewater Credit Union to host ribbon cutting ceremony for new branch

HANOVER, MA (August 30, 2023) — On Saturday, Sept. 9, members of the Hanover, Mass. and surrounding communities are invited to attend the grand opening celebration of the new Bridgewater Credit Union, a division of Merrimack Valley Credit Union, branch located at 1095 Washington Street (...

Comment period on real estate valuations proposed rule closes September 19

ALEXANDRIA, VA (August 30, 2023) — Stakeholders have until September 19 to submit comments on proposed interagency guidance addressing reconsiderations of value (ROV) for residential real estate transactions. For more information or to submit a comment, please visit Regulations.gov. The proposed guidance advises on ...

CU Business Group’s Michael Mucilli to retire after 20 years of service

PORTLAND, OR (August 30, 2023) — CU Business Group announces the retirement of Michael Mucilli, Senior Business Services Officer and Senior Vice President, after 20 years of service. He will retire in September 2023. Mike joined CUBG in 2003, launching the commercial services CUSO’s ...

United Heritage Charity Foundation donates $20,000 to Texas teachers

AUSTIN, TEXAS (August 30, 2023) — United Heritage Credit Union and its Charity Foundation directly supported local teachers within Texas to ease the burden of costs teachers pay out of their own pockets. Focusing on education is critical, and that is why United Heritage hosted ...

CUNA Strategic Services announces Ranqx as newest alliance provider

MADISON, WI (August 30, 2023) — CUNA Strategic Services is proud to announce Ranqx as the latest addition to its family of alliance providers. Founded in New Zealand and now making its U.S. launch, Ranqx is a champion for small-to medium business (SMB) members ...

Service One Credit Union announces new VP Strategic Finance/Controller

BOWLING GREEN, KY (August 30, 2023) — Service One is pleased to announce Valerie Wilcox as our new VP of Strategic Finance/Controller. As Service One’s VP of Strategic Finance/Controller, she will be responsible for key aspects of financial management and accounting including ...

Fast Company honors Pocketnest with top accolades

DETROIT, MI (August 30, 2023) — Pocketnest, the female-founded financial wellness platform, is named an honorable mention in Fast Company’s 2023 Innovation by Design Awards. The fintech earns top accolades in the 2023 award’s finance category alongside four other financial services and tools, ...

Four Georgia credit unions win statewide CUNA Awards

TALLAHASSEE, FL (August 30, 2023) — The League of Southeastern Credit Unions & Affiliates (LSCU & Affiliates) and the Credit Union National Association (CUNA) are proud to announce that four Georgia credit unions won a total of six statewide 2023 CUNA Awards for outstanding outreach ...

PenAir names John Huddleston, Chief Financial Officer

PENSACOLA, FLA (August 30, 2023) — Pen Air® Credit Union (PenAir) is pleased to announce the recent promotion of John Huddleston to Senior Vice President, Chief Financial Officer. Huddleston joined PenAir in 2022 from Credit Union of the Rockies, where he served as their senior ...

Chicago just got greener

EAST LANSING, MI (August 30, 2023) — MSU Federal Credit Union (MSUFCU) celebrated its expansion into Chicago with an event on Tuesday, Aug. 29, 2023, at one of the spaces it soon will be occupying. MSUFCU will be opening five branches in 2024 in the ...

Fitch upgrades PenFed auto loan securitizations due to strong performance

SAN ANTONIO, VA (August 30, 2023) — PenFed Credit Union, the nation's second-largest federal credit union, received notable upgrades to its inaugural prime auto loan securitization offering PenFed Auto Receivables Owner Trust 2022-A (PAROT 2022-A) due to strong performance. "PenFed is pleased with PAROT 2022’...