LENEXA, Kan. - (12/19/05) Francis Lee has been named CEO at the$33.2-billion U.S. Central Credit Union effective Feb. 1. Lee iscurrently CEO at the $8-billion Southwest Corporate FCU in Dallas.Lee will fill a void created by the resignation of Dan Kampen inAugust; David Dickens had been serving as interim CEO at U.S.Central. Prior to joining Southwest in 1995, Lee had been withWesCorp, had served as an interim CEO for Constitution StateCorporate CU in Connecticut, and had also worked at CapitalCorporate FCU, prior to the latter's liquidation. SouthwestCorporate Chair Jesse Gutierrez, CEO of Texas Bay Area CU, praisedLee¹s leadership for the 10 years he has led the corporate."Southwest Corporate has thrived in this evolving businessenvironment and remains an industry leader in the areas ofinvestments and payment processing. Francis certainly helped us getwhere we are today, he said. Jody Beck, senior VP-operationsat Southwest Corporate, has been named interim CEO while thefour-person search committee headed up by Brent Taylor seeks a newCEO.
-
Kohler Credit Union, Think Bank and Communication Federal Credit Union gave their onboarding and direct deposit tech an upgrade through fintech partnerships.
5h ago -
To address a budget deficit, the state of Washington has begun taxing credit unions that buy banks. Critics say there's just one problem: The tax will deter any such acquisitions from happening.
5h ago -
Some distressed companies that tapped the Federal Reserve's Main Street Lending Program say they've been crushed by the agency's hardline stance on modifications.
6h ago -
Threat group ShinyHunters claimed responsibility for the attack, which reportedly targeted third-party platforms rather than Betterment's own systems.
February 6 -
Artificial intelligence developments are stoking investor fears about software companies. Banks' limited exposure to the sector and general stability is proving attractive to investors.
February 6 -
Prosperity Bancshares finalizes the second of three acquisitions it's announced since July; Sumitomo Mitsui Banking Corporation appoints a new chief information security officer for its American operations; Huntington Bancshares, Third Coast Bancshares and Heritage Financial completed acquisitions; and more in this week's banking news roundup.
February 6





