Press

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Affinity Plus announces new board director

ST PAUL, MN (April 3, 2023) — Affinity Plus Federal Credit Union (Affinity Plus) is pleased to announce the addition of Vichita Choi as to its Board of Directors, as well as the reelection of Robyn Cousin as Board Chair. The Board of Directors also ...

Students and staff grab coffee during the shop’s soft opening

BERRIEN SPRINGS, MI (April 3, 2023) — Honor Credit Union’s Board Vice Chair, Mimi Elwell, has been named Board Member of the Year by Michigan Credit Union League (MCUL). This award celebrates a board member who has demonstrated outstanding service to their credit union ...

Longtime Florida West Coast Credit Union President/CEO retires

BRANDON, FL (April 3, 2023) — Florida West Coast Credit Union, a full-service cooperative financial institution, announced the retirement of longtime President/CEO, Mary Ott Wood effective October 27, 2023, after 24 years of service. Serving others has been the guiding principle throughout Mary Ott ...

Program designed to win the hearts and minds of families continues to grow

LOS ANGELES, CA (April 3, 2023) — With the addition of InTouch Credit Union, Snigglezoo, the company that offers financial wellness programs for parents and children from birth to young adulthood with The Art of Allowance Project, continues to increase its credit union footprint. Snigglezoo ...

Montana’s Credit Unions appoints Gerry Singleton as President/CEO

HELENA, MT (March 31, 2023) — The Board of Directors of Montana’s Credit Unions is pleased to announce the selection of Gerry Singleton as the trade association’s new President/Chief Executive Officer. Mr. Singleton will succeed Ms. Tracie Kenyon, who has served in ...

InRoads announces new Director of Commercial Services

ST. HELENS, OR (March 31, 2023) — InRoads Credit Union has a new Director of Commercial Services. Longtime lending professional Juan Mendoza has been promoted to the position. Prior to his new role, Mendoza was the InRoads Commercial Manager. “Juan has been an integral part ...

NCUA prohibits two individuals; Terminates cease and desist order

ALEXANDRIA, VA (March 31, 2023) — The National Credit Union Administration issued two prohibition orders and terminated one cease and desist order in March 2023. The individuals named below are permanently prohibited from participating in the affairs of any federally insured depository institution. Rachel Gaudreau, ...

5-Star Dort Financial Credit Union recognized for strength and stability

CORAL GABLES, FL (March 31, 2023) — BauerFinancial, Inc., the Nation’s Premier Credit Union and Bank Rating Firm, is proud to announce that Dort Financial Credit Union has once again earned its top (5-Star) rating for financial strength and stability. Having earned Bauer’s ...

Acting Comptroller of the Currency Michael J. Hsu named FFIEC Chair

ALEXANDRIA, VA (March 31, 2023) — The Federal Financial Institutions Examination Council (FFIEC) today announced Michael J. Hsu, Acting Comptroller, Office of the Comptroller of the Currency, as its Chair.  Mr. Hsu’s two-year term runs from April 1, 2023, through March 31, 2025. The ...

Three more credit unions roll out Aperture

MALVERN, PA (March 31, 2023) — AKUVO, a technology organization specializing in collections and credit risk, announced today that three more credit unions have gone live on its Aperture platform. They include the $4.5 billion FAIRWINDS Credit Union of Orlando, Fla., the $2.4 ...

PrimeWay hosts NCUA Chairman Todd Harper

HOUSTON, TX (March 31, 2023) — PrimeWay Federal Credit Union, a minority designated credit union, recently welcomed the National Credit Union Administration (NCUA) Chairman Todd Harper for a visit to discuss the credit union's strong financials and commitment to serving its diverse membership.  Chairman Harper's ...

Credit union leaders headed to Nashville

FRANKLIN, TN (March 31, 2023) — Jeff Dahlstrom, President of Southeast Financial Credit Union, announced that the National Association of State Credit Union Supervisors (NASCUS) will convene its annual meeting and State System Summit (S3) conference in Nashville from August 27-29, 2023. This premier event ...

Hawaii State FCU announces board of directors election results

HONOLULU, HI (March 30, 2023) — Hawaii State Federal Credit Union (Hawaii State FCU) today announced that Dawn Kurisu, assistant vice president of community and government relations at Hawaii Medical Service Association (HMSA), has been elected to its volunteer Board of Directors to serve a ...

Ncontracts ready for Section 1071

BRENTWOOD, TN (March 30, 2023) — Ncontracts, the leading provider of integrated compliance and risk management solutions to the financial industry, announced today that its solutions will be ready with updates to comply with the Consumer Financial Protection Bureau’s (CFPB) Section 1071 final rule. ...

CFPB finalizes rule to create a new data set on small business lending in America

WASHINGTON, D.C. (March 30, 2023) — The Consumer Financial Protection Bureau (CFPB) has finalized a rule required by Congress to increase transparency in small business lending, promote economic development, and combat unlawful discrimination. Lenders will collect and report information about the small business credit ...

MSUFCU partners with higher education on Collegiate

EAST LANSING, MI (March 30, 2023) — MSU Federal Credit Union has launched Collegiate Credit Union, a first-of-its-kind financial solution that serves individuals starting their secondary education journey through partner institutions. Collegiate offers digital banking, financial tools, and educational resources made for Gen Z members. “...

California Credit Unions stand out in today’s banking turmoil

ONTARIO, CA (March 30, 2023) — As members of Congress discuss U.S. banking system “liquidity” with federal regulators in committee meetings this week, one unique option in the financial services ecosystem continues to stand out in nearly every community across California and the entire ...