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.
The future of Fannie Mae and Freddie Mac, the Fed’s supervisory regime for the biggest financial institutions, reform of the Community Reinvestment Act and a host of other industry-related issues are on the ballot this November.
A historic influx of deposits has brought the National Credit Union Share Insurance Fund’s equity ratio close to the point where premiums would be required, but the regulator’s plan is intended to boost it.
Banks reported decent loan growth in the spring and early summer as businesses rushed to draw down credit lines and tap the Paycheck Protection Program. But demand has been muted since, and bankers can only guess when it will pick back up.