National Association of Federally-Insured Credit Unions

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.

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.

PIA Top Priority, Repeal of Federal Insurance Office, Introduced in Senate

Retrieved on: 
Wednesday, May 24, 2023
Insurance, PIA, FIO, Government, National Association of Federally-Insured Credit Unions, Treasury, Consumer Protection Act, Climate change, Car, Dodd–Frank Wall Street Reform and Consumer Protection Act, Ted Cruz, Climate, National Association, EO, House, News, Financial adviser

"The Federal Insurance Office Abolishment Act will protect the successful state insurance regulatory system by repealing the Federal Insurance Office (FIO), an unnecessary federal bureaucracy created in the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank)," said PIA President Gerald Hemphill.

Key Points: 
  • "The Federal Insurance Office Abolishment Act will protect the successful state insurance regulatory system by repealing the Federal Insurance Office (FIO), an unnecessary federal bureaucracy created in the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank)," said PIA President Gerald Hemphill.
  • "The proper place for the regulation of insurance is at the state level and the state regulation of insurance has served the insurance industry and consumers well for over one hundred years."
  • State insurance departments and legislatures are the proper place for the regulation of insurance, and the state insurance regulatory system has served both consumers and the insurance industry well for over one hundred years.
  • "The Federal Insurance Office Abolishment Act would protect our strong state regulatory structure by fully repealing the FIO."

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.

PIA Top Priority, Repeal of Federal Insurance Office, Introduced in House

Retrieved on: 
Friday, April 28, 2023
Insurance, PIA, National Association of Registered Agents and Brokers Reform Act of 2013, FIO, Government, National Association of Federally-Insured Credit Unions, Treasury, Congress, Consumer Protection Act, Climate change, Car, Climate, National Association, EO, Dodd–Frank Wall Street Reform and Consumer Protection Act, Sand, Financial adviser

The Federal Insurance Office Elimination Act will protect the successful state insurance regulatory system by repealing the FIO, an unnecessary federal bureaucracy created by the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank).

Key Points: 
  • The Federal Insurance Office Elimination Act will protect the successful state insurance regulatory system by repealing the FIO, an unnecessary federal bureaucracy created by the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank).
  • "In 2010, advocates of federal insurance regulation succeeded in getting the Federal Insurance Office (FIO) established as part of the 2010 Dodd-Frank law–but PIA has never given up on repealing it," said Jon Gentile, PIA vice president of government relations.
  • "Many of the FIO's duties are examples of federal overreach in the context of our system of state insurance regulation," Gentile said.
  • In 2016, PIA was the first national insurance association to call for the repeal of the FIO.

BayPort Credit Union Announces New Executive Risk Management Position and Promotion

Retrieved on: 
Tuesday, April 11, 2023
Christopher Newport University, NAFCU, Credit Union National Association, LDS Family Services, Internal audit, Risk management, National Association of Federally-Insured Credit Unions, Accounting, Chairperson, Public Account, National Association, Credit union, CUNA, NCRM, Audit, Nursing, Science, NEWS

NEWPORT NEWS, Va., April 11, 2023 /PRNewswire/ -- BayPort Credit Union has added a new position to its executive team and is pleased to announce the promotion of Dan Elston to Vice President of Risk Management.

Key Points: 
  • NEWPORT NEWS, Va., April 11, 2023 /PRNewswire/ -- BayPort Credit Union has added a new position to its executive team and is pleased to announce the promotion of Dan Elston to Vice President of Risk Management.
  • In this role, Elston will oversee BayPort's risk management program and work to enhance the credit union's safety and security infrastructure.
  • Elston has been with BayPort for 17 years and has specific expertise in leadership, accounting, auditing, risk management, and regulatory compliance.
  • Additionally, Elston is a National Association of Federally-Insured Credit Unions (NAFCU) Certified Risk Manager (NCRM), as well as a graduate of the Southeast Credit Union National Association (CUNA) Management School.

DefenseStorm Named Inc. 5000 Fastest-Growing Private Company with 251% Growth Rate

Retrieved on: 
Thursday, January 19, 2023
Technology, Finance, Consulting, Security, Fintech, Banking, Professional Services, Software, Data Management, Inc., National Association, Chicago Innovation Awards, NAFCU, Growth, TRAC, Risk, Publication, Credit union, National Association of Federally-Insured Credit Unions, Retail, Risk management

With impressive three-year revenue growth of 251%, DefenseStorm appeared on the Inc. 5000 list for the third consecutive time.

Key Points: 
  • With impressive three-year revenue growth of 251%, DefenseStorm appeared on the Inc. 5000 list for the third consecutive time.
  • Inc. 5000, the most prestigious ranking of the fastest-growing private companies in America, is a key benchmark for entrepreneurial success.
  • “For three years running, Inc. has recognized DefenseStorm for achieving top-level growth and retention standards, which is an incredible testament to this community.
  • Our cyber risk solutions, purposefully built for banking, are meeting the needs of banks and credit unions across the nation.”

Upstart Wins NAFCU Services Innovation Award for Its AI Lending Platform

Retrieved on: 
Wednesday, September 14, 2022
Software, Technology, Banking, Professional Services, Software, Industry, Credit union, Technology, NAFCU, Solution, National Association of Federally-Insured Credit Unions, Artificial intelligence, NASDAQ, National Association, SVP, The Economist, Bank, Upstart

Upstart (NASDAQ: UPST), a leading artificial intelligence (AI) lending marketplace, today announced that it was awarded a National Association of Federally-Insured Credit Unions (NAFCU) Services 2022 Innovation Award for its AI Lending Platform.

Key Points: 
  • Upstart (NASDAQ: UPST), a leading artificial intelligence (AI) lending marketplace, today announced that it was awarded a National Association of Federally-Insured Credit Unions (NAFCU) Services 2022 Innovation Award for its AI Lending Platform.
  • The NAFCU Services Innovation Awards program recognizes some of the most exciting advancements in the credit union industry.
  • Upstart is honored to have won the NAFCU Innovation Award for its AI Lending Platform, said Michael Lock, SVP of Lending Partnerships for Upstart.
  • Upstart (NASDAQ: UPST) is a leading AI lending marketplace partnering with banks and credit unions to expand access to affordable credit.

NAFCU Services Announces 2022 Innovation Award Winners

Retrieved on: 
Tuesday, September 13, 2022
Banking, Professional Services, Finance, Income, Software, SchoolsFirst Federal Credit Union, Credit union, Host, Twitter, Coastal Federal Credit Union, AWS, LinkedIn, Senior, Partnership, Industry, CEO, Technology, NAFCU, J1, Solution, Farmers Insurance Group, Fraud, National Association of Federally-Insured Credit Unions, National Association, Friction, Farmer, Multimedia, Awareness, The Economist, Online shopping, Bank

NAFCU Services has named the winners of their 2022 Innovation Awards.

Key Points: 
  • NAFCU Services has named the winners of their 2022 Innovation Awards.
  • View the full release here: https://www.businesswire.com/news/home/20220913005051/en/
    Our 2022 Innovation Awards winners encompass so many solutions that push credit unions forward, noted NAFCU Services President, Randy Salser.
  • The 2022 Innovation Award Winners are:
    A partnership that fosters collaboration and simplifies the approach to leveraging cloud services and accelerating digital innovation.
  • As part of the National Association of Federally-Insured Credit Unions, NAFCU Services provides funding, educational content, and a portfolio of trusted and vetted Preferred Partners who serve credit unions across the country.