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.
The parent company of Heartland Bank and Trust plans to acquire a smaller bank based in Carlinville, Illinois. The acquisition would give the buyer added heft in Central Illinois, as well as the Chicago and St. Louis metro areas.
Comptroller of the Currency Jonathan Gould said in an interview with American Banker that his agency is looking at whether its own internal guidance may have contributed to a climate where banks feel the need to "cite everything" to avoid supervisory penalties.
AlumniFi, the digital banking arm of Michigan State University's official credit union, is now an official bank partner for the NCAA's Big East conference.
