Jackie Stewart is the executive editor of American Banker Magazine. Previously, she covered breaking news, community banks and mergers and acquisitions for American Banker before being named as the managing editor of the Credit Union Journal. After graduating from Northwestern University in 2006, Jackie taught for two years in the Bronx, N.Y., through Teach for America.
A number of credit unions have announced promotions, new hires and recognitions for their employees.
The lawsuit claims that the board didn't properly supervisor management, which allowed former CEO Edward Rostohar to embezzle more than $40 million.
A number of credit unions have recently made personnel changes, including LAFCU and F&A Federal Credit Union naming new chief lending officers.
A new employee each year will be selected to represent the Eau Claire, Wis.-based credit union at industry events.
Andigo CU said it would merge into Consumers CU, creating the fifth-largest credit union in Illinois.
The St. Joseph, Mich.-based institution faced claims that it didn't properly opt members in to its overdraft program.
Ron Baron had been serving as interim president and CEO for the Delaware-based institution before being given the job permanently.
Groups seeking to open a new institution will submit preliminary information for review by the National Credit Union Administration.
Several credit unions have hired new employees while a financial advisor was recognized for his volunteer efforts.
Credit unions have recently announced personnel changes in a number of areas, including human resources, information systems and operations.