Press

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Two new leaders join PenFed Foundation’s Board of Directors

TYSONS, VA (June 17, 2024) — The PenFed Foundation, a national 501(c)3 founded by PenFed Credit Union, announces the appointment of Doug Doan and Pete Hilger to its Board of Directors. Doan is the founder and General Partner of the Hivers and Strivers ...

NCUA supports unrestricted regulatory and supervisory authority over CU vendors

EUGENE, OR (June 17, 2024) — The Honorable Patrick McHenry Chairman Committee on Financial Services U.S. House of Representatives Washington, DC 20515 The Honorable Maxine Waters Ranking Member Committee on Financial Services U.S. House of Representatives Washington, DC 20515 Re: Correspondence from former ...

Ryan Cash graduates from the Credit Union Executives Society CEO Institute

CAPITOLA, CA (June 17, 2024) — Bay Federal’s Senior Vice President and Chief Experience Officer, Ryan Cash, has graduated from the Credit Union Executives Society (CUES) CEO Institute, a highly concentrated program for credit union leaders. Considered to be a top-notch educational experience that ...

NCUA releases Q1 2024 state-level credit union data report

ALEXANDRIA, VA (June 17, 2024) — For federally insured credit unions, assets and shares and deposits declined at the median over the year ending in the first quarter of 2024. At the same time, loans outstanding increased and delinquencies grew at the median, according to ...

ABNB hires Victor Hall as Senior VP & Chief Experience Officer

CHESAPEAKE, VA (June 17, 2024) — ABNB Federal Credit Union welcomes Victor Hall, MBA as its new Senior Vice President and  Chief Experience Officer. Hall will report to Charles A. Mallon Jr., President & CEO of ABNB.  Hall will oversee the Branch Services, Digital Member ...

PenAir Credit Union launches annual Financial Fitness Competition

PENSACOLA, FL (June 17, 2024) — PenAir Credit Union (PenAir) is excited to announce the launch of its annual Financial Fitness Competition, NOW. This transformative program is designed to empower and improve financial health and literacy. Selected participants can enhance their financial knowledge, develop better ...

OneAZ Credit Union joins Global Bridges journey to ecuador

PHOENIX, AZ (June 17, 2024) — OneAZ Credit Union is thrilled to announce participation in the trailblazing Global Bridges journey to Ecuador, hosted by the World Council of Credit Unions. Leading the way for OneAZ are President & CEO Brandon Michaels and Board Director Martha ...

Credit union aims to Rize Beyond Banking

IRWINDALE, CA (June 17, 2024) — SCE Credit Union has unveiled their highly anticipated new name, Rize Credit Union (Rize CU), as part of a refreshed brand identity. This transformation reflects the credit union’s unwavering commitment to their members and ongoing mission to uplift ...

MyUSA elects Kyle McGlone new Board Chair

MIDDLETOWN, OHIO (June 17, 2024) — MyUSA Credit Union’s volunteer board of directors recently elected Kyle McGlone as their new Board Chair. McGlone has served as a board member since 2018 and is active in his Ohio community in both professional and volunteer capacities. “...

PenFed Senior Executive VP Shashi Vohra retires after serving 44 successful years

SAN ANTONIO, VA (June 17, 2024) — PenFed Credit Union, the nation's second-largest federal credit union, today announced the retirement of Senior Executive Vice President Shashi Vohra following 44 successful years of service. Business leaders, friends and family celebrated Vohra’s achievements during a retirement ...

The Velera Payments Index: June 2024

GILBERT, AZ (June 17, 2024) — Today, Velera – formerly PSCU/Co-op Solutions, the nation’s premier payments CUSO and an integrated financial technology solutions provider – published the June edition of the Velera Payments Index, the goal of which is to provide information and insights to ...

CSE expands reach to five counties

CANTON, OH (June 17, 2024) — CSE Federal Credit Union and its Board of Directors are excited to announce that the National Credit Union Administration (NCUA) approved an expansion of our Charter. Effective immediately CSE may now serve anyone who lives, works (or regularly conducts ...

1st Choice Credit Union conserved

ALEXANDRIA, VA (June 17, 2024) — The National Credit Union Administration today placed 1st Choice Credit Union in Atlanta, Georgia, into conservatorship. This action was taken in consultation with the Georgia Department of Banking and Finance. Member deposits at 1st Choice Credit Union remain protected ...

VyStar Foundation awards grants to 12 military and veterans nonprofits

JACKSONVILLE, FL (June 14, 2024) — VyStar Foundation announced today that $201,551 will be distributed among 12 recipients in its third grant cycle focused on nonprofit organizations that support military and veterans service programs. Specific funding priority was given to programs that address health ...

Rock the Riverfront Classic Rock Hunt is back!

EAU CLAIRE, WI (June 14, 2024) — Join the hunt for a chance to win $500 while exploring the outdoors. The RCU Foundation has held a rock hunt as part of the Rock the Riverfront featuring the Charity Classic event since 2017 – And it is ...

LSCU & Affiliates celebrates a successful annual convention

ORLANDO, FL (June 14, 2024) — The League of Southeastern Credit Unions & Affiliates (LSCU & Affiliates) concluded its premier annual conference, the Southeast Credit Union Conference & Expo (SCUCE), on Friday. The event, held at the Signia by Hilton Orlando Bonnet Creek, attracted a ...

PAHO/WHO Federal Credit Union wins MDDCCUA Marketing Trailblazer Award

WASHINGTON, DC (June 14, 2024) — PAHO/WHO Federal Credit Union (PAHO/WHO FCU) has won the Maryland & DC Credit Union Association Marketing Trailblazer Award in the Best Digital Marketing category for Bienestar Financial Advisors, its new investment advisory and financial planning service through ...

Two area students receive Key Scholarship award

MYRTLE BEACH, SC (June 14, 2024) — For the eighteenth year, Carolina Trust Federal Credit Union and HTC chose two graduating high school seniors to win their annual Key Scholarship. High school seniors from Horry, Georgetown, Marion, Williamsburg, and the southern part of Florence County ...