Career moves

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.

COO Jenna Lampson will take the helm on Aug. 1 while current CEO Steve Punch stays on as a consultant until he retires at the end of October.

Some signed on because the deal didn't require using or promoting Libra; Chicago bank may get stuck with $190 million of losses from U.K. mutual fund.

Credit unions and others in the industry have announced a number of recent promotions, new hires and other personnel news.

The New York bank has recruited a dozen commercial lenders from PacWest, Wells Fargo and other rivals, continuing its shift away from its historic reliance on multifamily lending.