July 2024

Everwise Appoints Lyndsay H. Miller as Chief Legal + Risk Officer

Everwise Credit Union is pleased to announce that Lyndsay H. Miller has been named to the newly created role of Chief Legal + Risk Officer. Miller assumed her new position earlier this month. In her role, Miller will lead the organization’s overall corporate legal function, compliance, and enterprise-wide risk management. Miller brings to Everwise 20

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NCUA Prohibits Two Individuals from Participating in the Affairs of Any Federally Insured Depository Institution

The National Credit Union Administration in July 2024 permanently prohibited two individuals from participating in the affairs of any federally insured depository institution. Prohibition Orders: Jose Prado-Valero, a former employee of Financial Center First Credit Union in Indianapolis, Indiana Tracy H. Thibodeau, a former employee of Vermont VA Federal Credit Union in White River Junction,

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PenFed Credit Union Finishes Second Quarter with Increased Liquidity and Capital

PenFed Credit Union, the nation\’s second-largest federal credit union, finished the first half of 2024 with increased liquidity and capital. PenFed also finished the first half with nearly 3 million members, $33.5 billion in assets and over $3 billion in regulatory net worth. \”We are ahead of our 2024 business plan and continue to execute

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Velera Recognized as One of America’s Best Employers for Women by Forbes

Velera – formerly PSCU/Co-op Solutions, has been named to the Forbes list of America’s Best Employers for Women 2024. Velera is one of 600 companies included on the list, ranking in the top 200 of employers overall and the top 15 in the Banking and Financial Services industry.   This prestigious award is presented by

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Auto Financial Group and CU*Answers Launch Integration

Auto Financial Group (AFG), announced today that the integration between CU*Answers, a Credit Union Service Organization (CUSO) and a cooperative corporation headquartered and incorporated in Grand Rapids, Michiganand the AFG Residual Value and Payment Quoting calculator is live. CU*Answers\’ integration with Auto Financial Group allows balloon loan and member data to seamlessly flow between CU*Base,

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CCUA’s New Hampshire Credit Unions Raise $200,000 for Make-A-Wish NH, Surpassing $3.8 Million in Total Donations

The Cooperative Credit Union Association (CCUA)’s New Hampshire Credit Unions have reached a remarkable milestone in their social responsibility efforts, supporting Make-A-Wish New Hampshire with a total surpassing $3.8 million raised. This achievement includes this year’s impressive $200,000 donation, presented at the annual golf tournament held on June 13th. Throughout the year, New Hampshire’s credit

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OTIS FCU Donates to Spruce Mountain Ski Area for Lodge Renovations

OTIS Federal Credit Union has donated $10,000 to Spruce Mountain Ski Area, located in Jay. This donation brings Spruce Mountain closer to its goal of raising $25,000 to have Maine Cabin Masters renovate the ski lodge (“The Barn”). The renovation work will include improvements such as replacing doors and windows, updating the kitchen area, and

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equipifi Introduces Pre-Purchase to BNPL Platform for Financial Institutions

equipifi, the leading Buy Now, Pay Later (BNPL) platform for banks and credit unions, has launched Plan Your Purchase, its pre-purchase BNPL solution. This new feature enables financial institutions to provide account holders with flexible financing prior to making a purchase, and expands consumer choice in managing their cash flow throughout the shopping journey. Plan

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Summit Credit Union Remains Wisconsin\’s #1 Mortgage Lender

Summit Credit Union, a member-owned financial cooperative, is again the top mortgage lender in the state of Wisconsin, according to data collected under the Home Mortgage Disclosure Act. “Summit provides tremendous value to our members and I’m proud that we continue to provide the largest number of mortgages in Wisconsin,” said Summit Credit Union CEO

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