Career moves

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.

First Tennessee Bank in Memphis said Tuesday that has promoted three executives in its Middle Atlantic region.

Elevations CU hires "chief people officer" and other credit union professionals in the news.

The long-time chief executive of CoVantage Credit Union in Antigo, Wis., will step down in the coming months.

From the new chief risk officer at BECU to special recognition by the Mountain West CUA, read on for more CU professionals in the news.

To make it to the top ranks, women should pursue roles that offer a mix of comfort, challenges and “pure, white-knuckle terror,” says Bank of the West CEO Nandita Bakhshi.

Women are watched closely as they rise to the C-Suite — but never more closely than when there is a crisis to manage. "People still wonder if we will break," says Karen Peetz, president of BNY Mellon.

Diane D'Erasmo looks back at how she balanced a 40-year career in banking while raising a family. "I did want it all, so I just pushed ahead," the retiring HSBC executive says.

Despite their accomplishments, American Banker's Most Powerful Women in Banking and Finance say they are still held to a different standard than men when it comes to handling pressure situations.

"If she can see it, she can be it." Geena Davis announces a new effort to encourage women and girls to enter financial services while speaking at the Most Powerful Women in Banking gala in New York. Her institute on Gender in Media will conduct research in partnership with American Banker and sponsored by Zions Bank.

The way women are portrayed on film affects their career trajectory, the actress said during a rousing speech at American Banker's annual Most Powerful Women in Banking dinner.