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AmeriCU has appointed two new executives to its C-suite while United Federal Credit Union, Heritage FCU and others have made their own personnel changes.
Jin Gwak, AmeriCU
AmeriCU in Rome, N.Y., promoted Jin Gwak to chief information officer. She previously served as assistant vice president for member technology solutions.
F. Michael Sisk, AmeriCU
AmeriCU in Rome, N.Y., hired F. Michael Sisk as chief lending officer.
Glenn Kavanagh, United FCU
United Federal Credit Union in St. Joseph, Mich., appointed Glenn Kavanaghas director of mortgage sales at its Asheville, N.C. branch.
Angie Schaffstein, Heritage FCU
Angie Schaffstein was named as business development specialist for Heritage Federal Credit Union in Newburgh, Ind.
Coty Kuschinsky, Jolt CU
Jolt Credit Union in Saginaw, Mich., hired Coty Kuschinsky as community affairs specialist. She will oversee implementing and coordinating participate in community events.
Brandon Anderson, United FCU
United Federal Credit Union in St. Joseph, Mich., named Brandon Anderson branch manager of its Summit location in Reno, Nev.
Susan Rogers, Tinker FCU
Susan Rogers, senior vice president of human resources at Tinker Federal Credit Union in Oklahoma City, was honored as the 2019 HR Professional of the Year at the Cornerstone Credit Union League's Enterprise Risk Management Conference.
Kathryn Budnik, New England FCU
New England Federal Credit Union in Williston, Vt. hired Kathryn Budnik as a business loan officer.
Kenn Wardle, Open Lending
Open Lending hired Kenn Wardle as chief risk officer. The Austin, Texas-based firm provides loan analytics, risk-based pricing and more for auto lenders, including credit unions.
As the pandemic speeds digital adoption at financial institutions, the technology giants are pitching products that scan in data from mortgage documents and provide security and compliance controls used by in-house tech developers.
With the sector facing serious headwinds — from declining enrollment during the pandemic to the prospect of a Biden administration making college free for many families — the departure of a major player could be a shot in the arm for the likes of Discover and Sallie Mae.
The agency’s consolidation of supervision and enforcement policy into one office could compromise the independence of those deciding when to investigate alleged wrongdoing by banks and others, critics of the move say.
The Cincinnati company, one of just a handful of lenders to reduce its cushion against bad credits in the third quarter, was grilled by analysts who suggested it was being too optimistic about the long-term effects of the pandemic recession.