Hawaiian CU chief takes the reins of CPA group and other CU professionals in the news.
Norman Okimoto, president of Hawaiian Tel FCU, Honolulu, was elected president of The Hawaii Society of Certified Public Accountants.
TMG Financial Services named Shawna Pritchard as a collections manager.
TMG Financial Services promoted Jennifer McGinley to manager of client service.
CUNA Lending Council presented its 2016 Phil Greer Award to Gayle Gustafson, VP-lending at Rivermark Community CU, Beaverton, Ore.
CUNA Mutual Group said David Sweitzer will lead its Wealth Management business, which includes CUNA Brokerage Services, Inc., and the company's financial advisor network and wealth management products. Sweitzer succeeds Jeff Bosco.
Align CU, Lowell, Mass., promoted Andrew Patton to AVP-commercial lending.
Robert Chavez, president and CEO of Sandia Laboratory FCU, Albuquerque, N.M., has been appointed to the board of directors of CO-OP Financial Services.
Lourdes Cortez, president and CEO for North Jersey FCU, Totowa, N.J., received the 2016 SmartCEO New Jersey Corporate Culture Award.
Taylor R. Murray has been named new VP of branch services at Affinity Plus Federal CU, St. Paul, Minn.
Veridian CU, Waterloo, Iowa, promoted Lisa Morehouse to consumer lending relations underwriter.
Arkansas FCU, Jacksonville, Ark., hired Martin Schrodt as chief operating officer.
CUES named Russell Evans as VP sales/member relations-Northeast.
Jeanne D'Arc CU, Lowell, Mass., named Robert Boley as the new manager of the Westford, Mass. branch.
First Horizon, TCF and Webster are among the banks eyeing efficiency initiatives that could include more branch closings, layoffs and reduction of office space. Expect others to follow suit as low rates and tepid loan demand tied to the pandemic pressure revenue.
The Federal Deposit Insurance Corp.’s latest report on the industry’s health had positive news about the earnings recovery last quarter, but it also showed that low interest rates amid continuing economic uncertainty are putting downward pressure on asset yields.