Press

Rapid Finance extends availability of its API-supported SMB Disclosure Service to include Georgia and Florida ahead of new commercial financing disclosure requirements

BETHESDA, MD (December 13, 2023) — Rapid Enterprise, a division of Rapid Finance, an industry leader in delivering automated and scalable Lending-as-a-Service (LaaS) solutions to support the growth and success of small businesses, announced the availability of its SMB Disclosure Service, a standalone Software-as-a-Service (SaaS) ...

MY CREDIT UNION selects Allied Payment Network as its payments partner

FORT WAYNE, IND (December 13, 2023) — Allied Payment Network, Inc. (Allied), the industry leader in real-time, open-network payments solutions to banks and credit unions, today announced its partnership with MY CREDIT UNION. Allied’s payment solutions will integrate with the credit union’s Ultracs ...

Verity Credit Union announces Fall 2023 Microgrant Recipients

SEATTLE, WA (December 13, 2023) — Verity Credit Union, a Seattle-based financial institution with assets totaling $859 million, known for its socially-responsible, community-rooted banking, announced today the recipients of its Fall 2023 Microgrants. Winners include Abundance of Hope Center, African Young Dreamers Empowerment Program International, ...

League InfoSight launches CU PolicyPro and RecoveryPro combined platform

LANSING, MI (December 13, 2023) — League InfoSight has completed the first phase of its product combination which brings CU PolicyPro and RecoveryPro together on a single, integrated platform. This is the first step in a larger initiative to bring InfoSight, CU PolicyPro, and RecoveryPro ...

One woman’s mission: Bake 8,000 holiday cookies for an entire company

BOULDER, CO (December 12, 2023) — Cindy Agnes begins her holiday preparations in early November. After all, she’s got 8,000  cookies to bake for more than 580 Elevations Credit Union employees.  “This is my way to help our staff feel appreciated. At Elevations, ...

Red Rocks Credit Union® takes transformative steps to improve member service

LITTLETON, CO (December 12, 2023) — Since 1979, Red Rocks Credit Union, the service-minded, not-for-profit financial cooperative, has championed that today is the day that matters most — because the steps their members take today can make tomorrow better. In 2023, Red Rocks spent the year ...

Hawaii State FCU announces call for applications for 2024 student scholarship program

HONOLULU, HI (December 12, 2023) — Hawaii State Federal Credit Union (Hawaii State FCU) announced today that the application period for its 2024 student scholarship program is now open through Feb. 29, 2024. Hawaii State FCU will award $5,000 scholarships to 20 deserving Hawaii ...

Centra and NorthPark Community Credit Union members vote in favor of NorthPark merger

COLUMBUS, IN (December 12, 2023) — Members of both Centra Credit Union and NorthPark Community Credit Union voted in favor of a partnership that will merge NorthPark into Centra Credit Union. The two credit unions will legally merge as of January 1, 2024.  "I think ...

Air Academy Credit Union chooses PSCU for debit and credit processing services and support

ST. PETERSBURG, FL (December 12, 2023) —  PSCU, the nation’s premier payments credit union service organization (CUSO) and an integrated financial technology solutions provider, is proud to announce its partnership with Air Academy Credit Union (AACU) to provide comprehensive debit and credit card processing ...

Mountain America Foundation launches 2nd annual Elevate Scholarship Program for youth

SANDY, UT (December 12, 2023) — Mountain America Credit Union and the Mountain America Foundation are pleased to announce the launch of its annual Elevate Scholarship program for the 2024-2025 academic year. The foundation is set to award $300,000, distributed as 120 scholarships of $...

Wescom Credit Union expresses its commitment to diversity, equity, and inclusion through its long-standing #WescomKindness Initiative

PASADENA, CA (December 12, 2023) — Wescom Credit Union, one of the largest community credit unions in California, has been dedicated to helping build better lives for members, team members and communities for nearly 90 years. This dedication includes promoting and supporting Diversity, Equity, and ...

TruStage’s November 2023 Credit Union Trends Report

MADISON, WI (December 12, 2023) — The Credit Union Trends Report is a monthly “pulse check” on the state of the credit union marketplace, often placed in a historical context. The report includes data from two months prior and is published and distributed by Steven ...

Vizo Financial reaches local, national and international communities in 2023

GREENSBORO, NC (December 12, 2023) — Vizo Financial’s community initiatives stretched from its local communities in Columbia, S.C.; Greensboro, N.C.; Pittsburgh, Pa.; and Middletown, Pa., to communities across the nation and world throughout 2023. Local Communities Children’s Miracle Network Hospitals & ...

John H. Buhrmaster elected as a Class A Director to New York Fed Board of Directors

NEW YORK, NY (December 12, 2023) — The Federal Reserve Bank of New York announced that John H. Buhrmaster, president and chief executive officer of 1st National Bank of Scotia, has been elected as a Class A Director representing Group 3. Class A directors represent ...

Arvind Krishna reelected as a Class B Director to New York Fed board of directors

NEW YORK, NY (December 12, 2023) — The Federal Reserve Bank of New York announced that Arvind Krishna, chairman and chief executive officer of IBM, has been reelected as a Class B Director. Class B directors represent the public with and give consideration to issues ...

MSGCU opens 20th branch office for member service

CLINTON TOWNSHIP, MI (December 12, 2023) — Michigan Schools and Government Credit Union (MSGCU) is proud to announce the opening of its newest branch office in Rochester Hills, which marks the 20th location for the credit union. Located on Walton Boulevard near the Village of ...

Members Development Company welcomes Brad Bergmooser to Board of Directors

COLUMBUS, OH (December 12, 2023) — Members Development Company (MDC) brings together credit  unions from across the country to collaborate for the collective good of the industry and its  future. Taking the same approach with its board of directors, MDC is pleased to welcome  Brad ...

Prodigy names new CTO to help lead the CUSO to its tech future

SALT LAKE CITY, UT (December 12, 2023) — Brian Elcock, a veteran of business technology, has joined the Prodigy team as its new Chief Technology Officer. This is a brand new role for the leading cloud-based core CUSO. While new to the credit union market, ...

Ncontracts acquires Quantivate

BRENTWOOD, TN (December 12, 2023) — Ncontracts, the leading provider of integrated compliance, risk, and vendor management solutions to the financial services industry, announced it has acquired Quantivate, a growing provider of governance, risk, and compliance (GRC) solutions for banks and credit unions. With this ...

Wealth access joins the Jack Henry™ Vendor Integration Program

NASHVILLE, TENN (December 12, 2023) — Wealth Access, the leading customer data insights platform that unifies and enriches data to power hyper-personalized experiences for financial institutions, today announced that it has joined the Jack Henry™ Vendor Integration Program (VIP). Participation in the program will provide ...

Provision IAM raises funding from Curql to drive growth

DES MOINES, IA (December 12, 2023) — Provision IAM, a technology leader in Identity Security for financial institutions, announced a funding round led by Curql, a Credit Union Service Organization driving fintech innovation for credit unions, to efficiently strengthen security of credit unions by automating ...

NorthCountry Federal Credit Union selects Nik Khosla as Chief Information Technology Officer

SOUTH BURLINGTON, VT (December 12, 2023) — NorthCountry Federal Credit Union has selected Nik Khosla as its new Chief Information Technology Officer. He was placed by DDJ Myers, the well-known leadership development firm that offers a broad range of solutions to help clients optimize their ...

The PenFed Foundation and PenFed Realty join forces to provide relief to military families devastated by Clarksville, TN tornadoes

TYSONS, VA (December 12, 2023) — The PenFed Foundation, a national 501(c)3 founded by PenFed Credit Union is stepping up to help our Tennessee military community in need. In the aftermath of the destructive tornadoes that swept through military housing at nearby Ft. ...

Small business loan approvals stalled at big banks, rose at small banks and alternative lenders in November 2023

NEW YORK, NY (December 12, 2023) — Small business loan approval percentages at big banks ($10 billion+ in assets) stalled for the first time since June of this year, staying at 13% in November 2023, according to the latest Biz2Credit Small Business Lending Index™ released ...

United Federal Credit Union promotes Kyle Rogers to Business Loan Officer in Indiana

MISHAWAKA, IN (December 12, 2023) — United Federal Credit Union has promoted Kyle Rogers to Business Loan Officer in Indiana. Rogers will be based at United’s branch at 4840 N. Main St. in Mishawaka. As the Business Loan Officer, Rogers will be responsible for ...

Tyler Valentine, CEO of StagePoint Federal Credit Union appointed to the Worldwide Foundation for Credit Unions

LARAMIE, WY (December 12, 2023) — StagePoint Federal Credit Union proudly announces that Tyler Valentine, President & CEO at StagePoint FCU, has been appointed to the prestigious Worldwide Foundation for Credit Unions (WFCU).  The Worldwide Foundation for Credit Unions, renowned for its commitment to global ...

Goldenwest announces 4.65% APY bonus dividend, distributing $3.3 million to members in December

SOUTH OGDEN, UT (December 12, 2023) — Goldenwest Credit Union has announced its 20th annual Bonus Dividend with a remarkable year-end bonus dividend of 4.65% Annual Percentage Yield (APY) for the month of December. Approved by the Goldenwest Board of Directors, this generous dividend ...

OnPath Federal Credit Union and Louisiana Federal Credit Union jointly announce their intent to merge

METAIRIE, LA (December 11, 2023) — In a collaborative effort to enhance the financial well-being of their members and communities, OnPath Federal Credit Union and Louisiana Federal Credit Union are excited to announce a joint decision to merge. If approved, the combined credit union will ...

Texas Trust Gives Foundation makes Christmas merry & bright for local Toys for Tots campaigns

ARLINGTON, TEXAS (December 11, 2023) — Since 2011 the Toys for Tots campaign, hosted by Mansfield ISD, has been part of the Texas Trust Credit Union tradition. For this year’s toy drive, the credit union’s Texas Trust Gives Foundation expanded its contribution to ...

JetStream Federal Credit Union CEO joins Mayor on podcast

MIAMI LAKES, FL (December 11, 2023) — JetStream Federal Credit Union’s President & CEO, Jeanne Kucey, was invited to join the Miami Lakes Mayor, Manny CID on his weekly “305 Vox Populi Podcast”. The podcast, produced by students at St. Thomas University gives a ...