Succession planning

Bonnie Lee will succeed C.G. Kum, who is retiring as CEO next month.

Firm “hopes to crowdsource new uses for” its pricing and analysis system; the system could be put on a device and used anywhere to cut down on fraud.

A number of entities within the credit union industry have elected new directors, in addition to announcing other staffing changes.

Mendell Thompson, who has led the California-based institution for 33 years, will leave in March 2020.

David Woodruff was the head of Zia Credit Union in Los Alamos, N.M., before taking the job with APL.

Joe Christian, executive vice president of operations, will take the helm at Albuquerque-based Nusenda Credit Union after CEO Terry Laudick stepped down.

The flagship division is on course to miss next year’s financial projections; Investors may be using SOFR swaps as a hedge against expected volatility.

The chairwoman of the House Financial Services Committee said Tim Sloan's resignation as CEO was "long overdue" but that other executives and directors should be removed as well.

Nathan Saller was tapped to replace President and CEO Michael L’Ecuyer, who is set to retire Oct. 1.

The bank said it will look outside the company for a replacement; HUD alleges the social media giant allowed real estate firms to target groups in their advertising.