Press

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Corporate Central promotes Shannon Cate to Manager Member Services

MILWAUKEE, WI (May 1, 2023) — Corporate Central is proud to announce that Shannon Cate, NCP has been promoted to Manager Member Services. In this role, Cate is responsible for providing operational support of products and services to enable delivery of superior member service. She ...

Corporate Central promotes Malisha Yang to Member Services Specialist

MILWAUKEE, WI (May 1, 2023) — Corporate Central is pleased to announce that Malisha Yang has been promoted to Member Services Specialist. In this role, Yang is responsible for facilitating robust delivery of superior member service and proactive relationship development. She serves as primary support ...

LendKey and Member Student Lending offer $20,000 in student scholarships

CINCINNATI, OH (May 1, 2023) — LendKey, a pioneer in network digital lending, and Member Student Lending, a leading network of credit unions offering private student loan and student loan refinance lending solutions, today announced they are offering $20,000 in college scholarships. Twenty merit-based $...

Plinqit appoints Julio Sarmiento as Chief Technology Officer

ANN ARBOR, MI (May 1, 2023) — Plinqit, the first platform that brings together automated savings, data-driven financial wellness content and virtual account management, has promoted Julio Sarmiento to Chief Technology Officer. As CTO, Sarmiento will define and oversee Plinqit’s product, engineering, and technology ...

Y-12 Federal Credit Union receives a $2.5 million CDFI government grant

OAK RIDGE, TN (April 28, 2023) — The U.S. Department of the Treasury recently announced that its Community Development Financial Institutions Fund (CDFI) awarded over $1.73 billion in grants to 603 Community Development Financial Institutions through the CDFI Economic Recovery Plan (ERP) to ...

Earthmover Credit Union honored with regional accolades

OSWEGO, IL (April 28, 2023) — Earthmover Credit Union (ECU) received two awards from the Illinois Credit Union League (ICUL) that highlight a commitment to social responsibility and improving members’ lives. ECU was the 2nd place winner of the Dora Maxwell Award and honorable mention ...

First Financial CU launches new Network Brand

CHICAGO, IL (April 28, 2023) — First Financial Credit Union Launches New Network Brand to Help Credit Unions Achieve Greater Success Through Collaboration. encurage financial network, a cooperative effort of four formerly independent credit unions and three credit union service organizations (CUSOs), has officially set ...

Numerica launches “Growth” accounts for kids  

SPOKANE VALLEY, WA (April 28, 2023) — To help kids and teens build money management skills, Numerica Credit Union is launching Growth Checking and Growth Savings. These newly branded accounts give children the opportunity to learn about budgeting, loans and interest while saving for the ...

Valley First Credit Union elects board and officers

MODESTO, CALIF. (April 28, 2023) — Valley First Credit Union elected board members and officers during the 2022 Annual Meeting on Tuesday, April 25. Patricia Gillihan and John Schneider were elected to fill two open board positions. Chris Peterson was selected as chair; Fred Cruz ...

CFPB issues rule to facilitate orderly wind down of LIBOR

WASHINGTON, D.C. (April 28, 2023) — Today, the Consumer Financial Protection Bureau (CFPB) issued an interim final rule amending the agency’s 2021 LIBOR transition rule. The interim final rule contains updates to reflect the subsequent enactment of the Adjustable Interest Rate (LIBOR) Act ...

Land of Lincoln Credit Union to acquire Nokomis Savings Bank

DECATUR, IL (April 28, 2023) — Land of Lincoln Credit Union (“Land of Lincoln”) of Decatur, IL and Nokomis Savings Bank (“Nokomis”) of Nokomis, IL jointly announced today that they have entered into an agreement whereby Land of Lincoln will acquire Nokomis Savings Bank. While ...

AMOCO doing good in community

TEXAS CITY, TX (April 28, 2023) — AMOCO partners with Kappa Alpha Psi Fraternity AMOCO Federal Credit Union was a sponsor of the Galveston Alumni Chapter of Kappa Alpha Psi Fraternity’s “Pre & Post Grief Management: How to Manage the Anticipation of the Death ...

Financial Center’s executive changes signal plans for growth

INDIANAPOLIS, IN (April 28, 2023) — Financial Center First Credit Union is taking bold steps toward the $850 million-dollar credit union’s future, making significant investments in the senior leadership team in response to the organization’s three-year strategic plan and growth objectives. These changes ...

Deposit Guarantee concept presented to Ukrainian Credit Unions

MADISON, WI (April 28, 2023) — Representatives of Deposit Guarantee Fund (DGF) of Ukraine Wednesday presented the initial concept of a deposit guarantee system for credit union members at a round table for the sector organized by the USAID/World Council of Credit Unions’ Credit ...

Wellby Financial appoints Deena Smith as Chief Financial Officer

HOUSTON, TEXAS (April 28, 2023) — Wellby Financial, the second-largest credit union in Houston, announced the selection of Deena Smith as the company’s new Chief Financial Officer, where she will be responsible for financial stability, investing, financial analysis, and reporting. The CFO leads accounting, ...

Iowa Credit Union Foundation awards $23,000 to scholarship winners

WEST DES MOINES, IA (April 27, 2023) — The Iowa Credit Union Foundation (ICUF) recently awarded scholarships to eight high school students and four post-high school students as recipients of its Warren A. Morrow Memorial Scholarship. The scholarship program is in memory of the late ...