Career moves

Shannon Cahoon, community outreach coordinator at the $967 million Fibre Federal Credit Union of Longview, Wash., has been named the Credit Union Executives Society’s Next Top Credit Union Exec for 2016.

Heartland Financial USA in Dubuque, Iowa, has named Jack Lloyd president of its residential mortgage business.

Bizfi, a New York-based online small-business finance company, announced the hiring of John Donovan as its new chief executive officer.

The compensation package will put incoming Visa CEO Alfred F. Kelly's income on par with Ajay Banga, Mastercard's CEO.

The Credit Union Executives Society (CUES) elected its board officers for 2016-17 during its CEO/Executive Team Network meeting in Savannah.

David Stevens, the chief executive and president of the Mortgage Bankers Association, revealed Monday that he has been diagnosed with cancer in prepared remarks at the association's annual conference in Boston.

Youth sports support, mammograms, cancer treatment and more are all part of the latest round-up of credit union community news.

Tulsa FCU adds six director-level execs and more CU professionals in the news.

Heather Russell, who was fired earlier this year as Fifth Third Bancorp's chief legal officer, has re-emerged in a new role.

First Tennessee Bank in Memphis has recruited a quartet of executives for its expanding specialty banking lines that serve the franchising, healthcare, music, and transportation industries.

Credit unions recognize excellence in financial planning and other CU professionals in the news.

The information you need to start your day, including top headlines from PaymentsSource and around the Web. In today's briefing: Charles Scharf's tenure; Apple Pay's goals; giving up gift cards.

Visa unexpectedly announced the resignation of CEO Charlie Scharf, making way for longtime Amex executive Alfred F. Kelly, Jr., a current board member, to take over the role effective Dec. 1.

Oconee Financial in Watkinsville, Ga., has named a former Atlanta-area banker its new chief executive.

Dorothy Savarese, the head of Cape Cod Five Cents Savings Bank in Massachusetts, seeks a financial system where the rules encourage community banks and big banks to do the things that they are best at.

California Bank of Commerce in Lafayette has hired a veteran credit administrator to help expand its small-business lending.

Two well-known industry veterans are named to the board of Children’s Miracle Network and other CU professionals in the news.

The Wells Fargo phony bank and credit card accounts scandal is barely five weeks old, but it felt like John Stumpf had been hanging on for five years.

The change at the top of the No. 3 U.S. bank by assets after a snowballing phony-accounts scandal marks the rare case of a major U.S. bank CEO resigning amid accusations of company misconduct. His successor, Tim Sloan, faces a hard road to recovery.

The Klamath Falls, Ore.-based CU said Olney, a native of Southern Oregon, is a graduate of George Fox University and the Atkinson Graduate School of Management at Willamette University.