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A number of credit unions recently made new hires, added to their boards or recognized the achievements of various staff members.
Patricia Shermot, Visions FCU
Patricia Shermot, director of government affairs for Visions Federal Credit Union in Endwell, N.Y., was given the 2019 Paul Revere Award by the National Association of Federally-Insured Credit Unions. The award recognizes the grassroots advocate of the year.
Kim Wilson, United FCU
United Federal Credit Union in St. Joseph, Mich., named Kim Wilson as branch manager of its Van Buren location in Van Buren, Ark.
Gerry Agnes, Elevations CU
Secretary of Commerce Wilbur Ross recently named Gerry Agnes, president and CEO of Elevations Credit Union in Boulder, Colo. (pictured here), to the board of overseers for the Malcolm Baldrige National Quality Award. The award recognizes organizational performance and innovation.
Cynthia Salloum, Georgia United CU
Dr. Cynthia Salloum has joined the board of Georgia United Credit Union in Duluth, Ga. She will fill the rest of the term for Dr. Steven Whatley, who is retiring.
Casey Madsen, Crane CU
Casey Madsen was hired by Crane Credit Union in Odon, Ind., as a financial planner and will lead Crane Investment Services.
Dace Bregantini, Corporate Central CU
Corporate Central in Muskego, Wis., hired Dace Bregantini as a financial strategist.
Time Keane, Redwood CU
Redwood Credit Union in Santa Rosa, Calif., hired Tim Keane as vice president of corporate real estate.
As COVID-19 infections break records nationwide, some banks are once again closing lobbies. But many others are maintaining the status quo after instituting a host of safety protocols that didn’t exist in the spring.
The agency said federal thrifts must abide by the same rules as national banks pertaining to membership in payment systems and codified policies on acceptable derivatives practices among a slew of technical changes.
Hospitality sector credits are coming out of forbearance just as coronavirus cases surge. Restructurings and charge-offs could mount unless vaccine distribution happens quickly enough to jump-start travel by mid-2021.