Career moves

A look at the latest round of appointments, promotions and new hires at credit unions and industry groups across the country.

Marc Schaefer, who has led the credit union since 1995, has announced plans to retire. President Todd Hall will take the helm on Jan. 1, 2020.

Timothy L. Anderson, who has held C-level positions at a number of other credit unions, including Government Printing office FCU and Treasury Department FCU, has taken over following CEO Kenneth Kramer's departure.

Bruce Adams, who previously served as general counsel to Connecticut Lt. Gov. Nancy Wyman, will join the Credit Union League of Connecticut next month.

A number of credit unions have promoted employees from within their ranks while others have announced new hires.

Low rates spur more retail lending at big U.S. banks as trading revenue drops; the company’s plan to create its own digital currency runs into more opposition.

David Cerwinski, who joined the CUSO in 2006, was appointed president of the technology provider.

Credit unions across the country continue to bulk up their staff at all levels of the organization.

Citi’s chief lending officer to take over HSBC’s U.S. business; Pittsburgh banks brace for incursion of industry heavyweights; borrowing by nonbank leveraged lenders is growing (maybe too much); and more from this week’s most-read stories.

Jim Lumpkin, president and CEO of the Portland, Ore.-based institution, is planning to retire in the first quarter of 2020.

Credit unions have hired new executives to oversee areas such as human resources and retail lending while others have been recognized for their achievements.

Charles Friederichs, already serving in an interim capacity, has been appointed permanent CEO of the $1.1 billion-asset institution.

Marine Credit Union, Numerica CU and others have announced a variety of personnel moves in recent weeks.

“Limited” digital-asset broker spots may be approved; Linda Lacewell’s plans for the New York State Department of Financial Services.

Cynde Jones, who served as an executive vice president for more than a decade, has taken over following longtime CEO Chuck Rutan's retirement.

Brandi Cummins, Jodi Korner and Tanya Lawrence all have new senior vice president roles within the Baton Rouge, La.-based institution.

NCUA Chairman Rodney Hood is formally sworn in by Vice President Pence while BayPort Credit Union and others announce a host of career moves.

EVP Dan Terada is set to take over following the longtime CEO Neal Takase's retirement.

Former Freddie Mac CEO Donald Layton has joined the Harvard Joint Center for Housing Studies as a senior industry fellow focused on reform of the government-sponsored enterprises.

Mike DeShazo was selected to lead the San Diego institution after Ann McClure stepped down.