NAFCU

Virginia Credit Union League Announces Karima Freeman Will Serve as Interim President/CEO Effective March 1

Retrieved on: 
Tuesday, February 13, 2024
Virginia League, National Association, Credit union, Credit Union National Association, League, Growth, Interim, Information technology, CUNA, NAFCU, Freeman, Partnership

Richmond, VA, Feb. 13, 2024 (GLOBE NEWSWIRE) -- The Virginia Credit Union League Board of Directors today announced that Karima Freeman, current Chief Operating Officer for the organization, will serve as Interim President/CEO following the departure of Carrie Hunt later this month.

Key Points: 
  • Richmond, VA, Feb. 13, 2024 (GLOBE NEWSWIRE) -- The Virginia Credit Union League Board of Directors today announced that Karima Freeman, current Chief Operating Officer for the organization, will serve as Interim President/CEO following the departure of Carrie Hunt later this month.
  • Freeman is a 23-year employee of the League, and currently manages membership services, working directly with credit unions on dues and other membership and affiliation issues.
  • “Karima is a proven leader with decades-long relationships within the Virginia credit union system and a deep knowledge of the League’s operations,” said League Board Chairman Joe Thomas, CEO of NextMark Credit Union.
  • “We are grateful for Carrie’s work these past three years in charting a course for the League that best articulated our vision to promote, protect and strengthen Virginia’s credit unions,” said Thomas.

NAFCU Announces FICO as Preferred Partner for Credit Risk Score Services

Retrieved on: 
Wednesday, December 20, 2023
Other Consumer, Security, Other Professional Services, Other Technology, Insurance, Software, Finance, Consulting, Banking, Consumer, Accounting, Professional Services, Data Management, Technology, Other Communications, Public Relations, Investor Relations, Marketing, Communications, Small Business, NAFCU, Credit union, Ecosystem, Partnership, Education, FICO, Partner, Bank

NAFCU Services announced today that FICO, a global analytics software leader, is the newest Preferred Partner to join its program serving credit unions.

Key Points: 
  • NAFCU Services announced today that FICO, a global analytics software leader, is the newest Preferred Partner to join its program serving credit unions.
  • Through this partnership, FICO will provide NAFCU member credit unions with educational resources and informational tools on how they can access and leverage FICO® Scores.
  • This partnerhip with FICO can help the credit unions meet their business goals and objectives by leveraging FICO® Scores to build sound portfolios.
  • Their commitment to accurate and reliable credit risk data through the FICO® Score models enables the Credit Union industry to make better informed lending decisions,” said Randy Salser, president of NAFCU Services.

NAFCU Services Announces 2023 Innovation Award Winners

Retrieved on: 
Wednesday, November 8, 2023
Software, Insurance, Finance, Banking, Accounting, Professional Services, Technology, Fintech, RDC, Intelligence, The Economist, Credit union, NAFCU, Research, ACH, Auction, Risk management, Bank

NAFCU Services has named the winners of their 2023 Innovation Awards .

Key Points: 
  • NAFCU Services has named the winners of their 2023 Innovation Awards .
  • “Our 2023 Innovation Awards winners showcase the groundbreaking solutions that help credit unions succeed,” noted NAFCU Services President Randy Salser.
  • “Thank you to all of the participating companies for constantly innovating and driving our industry forward, and congratulations to the winning entries for being recognized valuable contributions!”
    The 2023 Innovation Award Winners are:
    A quarterly, collaborative roundtable that brings together financial institutions, law enforcement agencies, and other relevant entities to share intelligence, coordinate efforts, and take action against cybercriminals.
  • A tool that provides a customized way for members to increase their insurance benefits, focusing on real-time, personalized solutions for members.

Open Lending Named Finalist for 2023 NAFCU Innovation Award

Retrieved on: 
Monday, November 6, 2023
Technology, Finance, Automotive, General Automotive, Banking, Professional Services, Data Management, Other Professional Services, Artificial Intelligence, FICO, ROA, LexisNexis, TransUnion, Conference, Creditor, NAFCU, Risk, Bank, Credit

Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or the “Company”), an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions, today announced its recognition as a finalist for the 2023 NAFCU Innovation Award for its enhanced Lenders Protection™ program.

Key Points: 
  • Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or the “Company”), an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions, today announced its recognition as a finalist for the 2023 NAFCU Innovation Award for its enhanced Lenders Protection™ program.
  • The NAFCU Innovation Awards recognize groundbreaking technology and software solutions that meaningfully enable credit unions to succeed in an ever-changing marketplace.
  • “We are proud to be acknowledged for our Lenders Protection offering and its ability to support credit unions’ mission of serving traditionally overlooked borrowers,” said Keith Jezek, CEO of Open Lending.
  • “I’m thrilled to share with members of the credit union community how Lenders Protection can expand vehicle ownership for underserved borrowers,” said Matt.

Ecority Will Catalyze a National Network of Credit Unions and State-Chartered Green Banks to Deploy Clean Energy Projects Through the EPA Greenhouse Gas Reduction Fund

Retrieved on: 
Friday, November 3, 2023
Other Energy, Recycling, Environmental Policy, Finance, Environmental Issues, Environmental Health, Alternative Energy, Banking, Energy, Professional Services, Environment, Sustainability, Green Technology, Climate Change, Coastal Credit Union Music Park, National Association, National Association of Federally-Insured Credit Unions, CUNA, CCIA, Credit, Organization, New York State Energy Research and Development Authority, Development, EPA, National Organization for Albinism and Hypopigmentation, Credit Union National Association, NAFCU, Atomic Energy Commission's Historical Advisory Committee, GHG, Investment, Mitsubishi Electric Trane HVAC, Wind, Green Bank, NYSERDA, Credit union, Renewable energy, FIA ecoRally Cup

Ecority, a nonprofit coalition of credit unions and state-chartered green banks, has applied to the EPA-administered Greenhouse Gas Reduction Fund (GGRF).

Key Points: 
  • Ecority, a nonprofit coalition of credit unions and state-chartered green banks, has applied to the EPA-administered Greenhouse Gas Reduction Fund (GGRF).
  • Ecority has previously encouraged EPA to cap pass-through charges for green banks to no more than administrative cost recovery.
  • Ecority’s support of a national network of federally regulated, community-embedded lenders and state-chartered green banks assure local priorities will be aligned with access to the resources of GGRF.
  • Through Ecority’s program, more households will have access to affordable financing resulting in more direct and immediate cost savings and GHG-reducing clean energy projects.

Velocity’s Retail Performance Engine™ Selected as a Finalist in NAFCU’s 2023 Innovation Awards

Retrieved on: 
Wednesday, October 25, 2023
Professional Services, Payments, Technology, Finance, Fintech, Banking, EVP, The Economist, Conference, NAFCU, Pain, Partnership, Rare-earth element

“We value our NAFCU partnership and are honored to be chosen as a finalist,” said Steve Swanston, EVP of Velocity Solutions.

Key Points: 
  • “We value our NAFCU partnership and are honored to be chosen as a finalist,” said Steve Swanston, EVP of Velocity Solutions.
  • “The Retail Performance Engine came together organically over the past several years, driven by an industry need for low-cost deposits, member growth, better data insights and technology.” Swanston continued, “Many credit unions we speak with are working with three or more different vendors to achieve their objectives, and managing numerous relationships often becomes its own source of pain, making it difficult to identify patterns or changes in member behavior across products.
  • With the Retail Performance Engine, credit union executives enjoy a 360-degree view into their member account relationships, allowing them to leverage the right opportunities at the right time.”
    Winners will be announced at NAFCU’s Lending Conference in New Orleans, LA, November 7-9, 2023.
  • To see the complete list of finalists in NAFCU’s 2023 Innovation Awards, visit: https://www.nafcu.org/innovationawards/2023-innovation-award-finalists .

NAFCU Services Announces 2023 Innovation Award Finalists

Retrieved on: 
Monday, October 23, 2023
Security, Retail, Other Professional Services, Other Technology, Insurance, Software, Finance, Networks, Consulting, Internet, Online Retail, Banking, Accounting, Professional Services, Data Management, Technology, Mobile, Wireless, Fintech, Small Business, Chicago Innovation Awards, The Economist, Conference, NAFCU

NAFCU Services is proud to announce the 2023 Innovation Award finalists .

Key Points: 
  • NAFCU Services is proud to announce the 2023 Innovation Award finalists .
  • The Innovation Awards is an annual program, presented by NAFCU Services, that honors the transformational and valuable contributions to the credit union industry.
  • The 2023 award winners will be announced at the NAFCU Lending Conference this November in New Orleans, LA.
  • “Each year we receive incredibly competitive applications for our Innovation Awards, and 2023 was no exception,” says Randy Salser, President of NAFCU Services.

Orange County's Credit Union Welcomes Kathy Jumper as New CEO

Retrieved on: 
Monday, July 10, 2023
Interim, NAFCU, Member, National Association of Federally-Insured Credit Unions, Canadian Credit Union Association, Associate, InTouch, Retirement, American Banker, Mission Federal Credit Union, Jumper, Chairperson, National Association, Woman, Commerce Bank, Fifth Third Bank, Management, Credit union

SANTA ANA, Calif., July 10, 2023 /PRNewswire/ -- The Board of Directors of Orange County's Credit Union announced today the appointment of Kathy Jumper as its new chief executive officer, effective August 16, 2023. Jumper was selected by the Board of Directors, with the support of Interim CEO Lucy Ito, following an extensive executive search that produced a highly competitive candidate pool.

Key Points: 
  • "On behalf of the Board of Directors, we are delighted to welcome Kathy Jumper as the new CEO of Orange County's Credit Union," said Board Chair Gary Burton.
  • With 26 years of experience in the financial industry, Jumper brings a wealth of expertise and leadership to Orange County's Credit Union.
  • Prior to joining Members 1st Federal Credit Union, she held senior positions at various financial institutions, including InTouch Credit Union, Fifth Third Bank, and Capitol Bancorp/1st Commerce Bank, among others.
  • Jumper succeeds Ito, who emerged from retirement to lead Orange County's Credit Union for the past year as the Board and executive team searched for a new long-term CEO.

ILINX Eliminates Blind Spots with Credit Union Focused Solutions

Retrieved on: 
Tuesday, June 27, 2023
National Association of Federally-Insured Credit Unions, Long Beach Convention and Entertainment Center, ImageSource, National Association, NAFCU, Marketing, Online shopping

Organized by the National Association of Federally Insured Credit Unions (NAFCU), Engage is an annual gathering of credit union professionals, industry experts, and solution providers, aimed at fostering collaboration and showcasing the latest technologies transforming the financial industry.

Key Points: 
  • Organized by the National Association of Federally Insured Credit Unions (NAFCU), Engage is an annual gathering of credit union professionals, industry experts, and solution providers, aimed at fostering collaboration and showcasing the latest technologies transforming the financial industry.
  • ImageSource is excited to demonstrate cutting-edge process-innovation solutions that enhance operational efficiency and streamline document-intensive processes for financial services providers.
  • During the event, ImageSource will be highlighting solutions built on the ILINX platform, tailored to address the unique challenges faced by financial cooperatives.
  • Informed by existing partnerships with credit unions, ImageSource's solutions are designed to eliminate blind spots in business decision-making by seamlessly integrating with existing core systems.

John A. Lockard Retires from Navy Federal Credit Union Board

Retrieved on: 
Friday, May 19, 2023
Professional Services, Defense, Finance, Banking, Other Defense, Veterans, United States Navy, Workforce, NCUA, Risk, Office for Budget Responsibility, NAFCU, Federal Engineer of the Year Award, VADM, Navy Federal Credit Union, Defense Science Board, Navy Distinguished Public Service Award, Business, Mizuho Financial Strategy, History, Veteran, Oregon Youth Development Division, Associate, Assistant, Georgetown University, Formations of the Soviet Army, Syracuse University, National Association of Federally-Insured Credit Unions, Retirement, Navy, RET, MPA, National Association, Credit union, Credit, Investment, Second, Department of Defence, Management, Nursing

), Chairman of the Board of Directors at Navy Federal Credit Union, has announced his retirement from the board.

Key Points: 
  • ), Chairman of the Board of Directors at Navy Federal Credit Union, has announced his retirement from the board.
  • VADM Lockard served on the Navy Federal board for 30 years, and for the past 29 years, has chaired the board and its executive committee.
  • I have eternal admiration for the members and employees of Navy Federal Credit Union.
  • I leave with high confidence that the members of Navy Federal are in the best hands to receive the highest possible value from their credit union.”
    Navy Federal Credit Union: Established in 1933 with only seven members, Navy Federal now has the distinct honor of serving over 12 million members globally and is the world’s largest credit union.