SPRINGFIELD, Ill. Heartland CU said Ed Gvazdinskas, who has worked with the credit union for 38 years, will retire as CEO of the $230-million credit union in February 2014.
Tom Lex, chief operations officer of Heartland, will succeed Gvazdinskas.
Gvazdinskas began his career as an assistant manager in 1975. He was promoted to vice president in 1979 and to president and CEO in 1983, when Heartland still was known as Sacred Heart CU and had just $18 million in assets.
The move comes about a year after rising delinquency levels prompted SBA to raise lender fees and tightened underwriting standards in its flagship 7(a) program.
Select ChatGPT users can now connect their bank accounts to the AI-powered chatbot for personal money management advice based on their financial history.
Suncoast Credit Union moved from one-time identity checks to monitoring members for the life of the account. It says fraud losses fell more than a third.
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Whether red or blue, leaders share an affinity for battling fintech giants, as the liberal mayor is pressuring regulators to scuttle Western Union's plan to buy digital transfer Intermex, shortly following PayPal's 'DEI settlement' with the Trump administration.
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