Credit unions have appointed new c-suite executives while the Federal Reserve has added a new member to an advisory council.
Patrick Ryan, Franklin Mint FCU
Franklin Mint Federal Credit Union in Chadds Ford, Pa., promoted Patrick Ryan to chief financial officer.
Samantha Desfosses, St. Mary’s Bank
St. Mary’s Bank in Manchester, N.H., promoted Samantha Desfosses to branch, sales and services manager of its Hudson, N.H., branch.
Michelle Perry, ABNB FCU
Michelle Perry has joined ABNB Federal Credit Union in Chesapeake, Va., as loan center manager.
John Hargrove, Franklin Mint FCU
Franklin Mint Federal Credit Union in Chadds Ford, Pa., promoted John Hargrove to senior vice president and chief information security officer.
Sandra Soehngen, Elevations CU
Elevations Credit Union in Boulder, Colo., hired Sandra Soehngen as a mortgage loan officer in the Denver area.
Sherri Thomas, Truliant FCU
Sherri Thomas, chief human resources and organizational development officer at Truliant Federal Credit Union in Winston-Salem, N.C., has been named to the board of directors at the Greensboro Chamber of Commerce.
Rahul Kachru, AltaOne FCU
AltaOne Federal Credit Union in Ridgecrest, Calif., named Rahul Kachru as chief experience officer.
Lisa Munoz, Del Norte CU
Del Norte Credit Union in Santa Fe, N.M., named Lisa Munoz as a mortgage loan officer.
Gerry Agnes, Elevations CU
The Federal Reserve Bank of Kansas City appointed Gerry Agnes, president and CEO of Elevations Credit Union in Boulder, Colo., to its Community Depository Institutions Advisory Council.
Patricia Baughman, Spokane Teachers CU
Spokane Teachers Credit Union in Liberty Lake, Wash., hired Patricia Baughman as vice president of organizational strategy and product development.
Lis Mulcahy, Truliant FCU
Truliant Federal Credit Union in Winston-Salem, N.C., has named Lis Mulcahy as regional director for the credit union’s eastern region of member financial centers.
Michael Sisk, AltaOne FCU
AltaOne Federal Credit Union in Ridgecrest, Calif., appointed Michael Sisk as chief financial officer.
Doug Dehority, Land of Lincoln CU
Land of Lincoln Credit Union in Decatur, Ill., appointed Doug Dehority as business development officer.
Julian Gerace, American Heritage CU
Julian Gerace, digital marketing and social media specialist at American Heritage Credit Union in Philadelphia, was named by the Philadelphia Chapter of Credit Unions as its representative for the Credit Union Ambassador contest. The contest was developed by the Pennsylvania Credit Union Association, and the statewide finals will be held in May. The winner will serve as an ambassador for the group.
Donnalee Lozeau, St. Mary‘s Bank
St. Mary’s Bank in Manchester, N.H., appointed Donnalee Lozeau to its supervisory committee.
Cindy Jones, First Financial FCU
First Financial Federal Credit Union in Lutherville, Md., said its youth outreach manager Cindy Jones has joined the board of directors for the Education Foundation of Baltimore County Public Schools.
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.
The Federal Reserve Board will discuss an advance notice of proposed rulemaking on the Community Reinvestment Act at an open meeting. The central bank had previously declined to support an OCC rule overhauling the 1977 law.