Lucy Ito, former president and chief executive of the National Association of State Credit Union Supervisors, has exited retirement to lead Orange County’s Credit Union in Santa Ana, California.
Ito, who stepped down from the helm of the trade organization in December of last year and was succeeded by Brian Knight, assumed an interim CEO role with the $2.4 billion-asset credit union on Monday. She fills in for Shruti Miyashiro, who announced her resignation from the roles effective July 21 to become CEO of the $9.9 billion-asset Digital Federal Credit Union in Marlborough, Massachusetts starting in August.
Lucy Ito, former president and chief executive of NASCUS and incoming interim president and CEO of Orange County's Credit Union.
"With over 30 years of operational and leadership experience in the industry, we are confident Lucy brings the knowledge, people-centered approach and proven track record to be an impactful interim CEO for our associates, members and communities," Gary Burton, board chair for Orange County’s, said in a press release Monday.
Prior to her work with NASCUS, Ito was the chief operations officer at the California and Nevada Credit Union Leagues and was a vice president of the World Council of Credit Unions.
New York's attorney general announces MoneyGram will pay a civil fine to settle a lawsuit over its handling of remittance payments; Swedish buy now/pay later lender Klarna is getting into the telecom business; Truist Financial has hired Charles Alston to lead its new nonprofit hospital, higher education and government banking team; and more in this week's banking news roundup.
Lipkin, who built Valley National Bancorp from a small community bank into a regional institution with 200 branches in four states, passed away this week at age 84.
Financial markets were shaken but not stirred this past spring, according to the Federal Reserve, as swinging stock prices and bond yields did little to bring down elevated asset prices or leverage.
