The $950 million Elevations Credit Union has hired Jay Champion, the former CEO at Texans Commercial Capital LLC, to lead a business lending and services initiative.

Champion has been named chief lending officer at Elevations in Boulder, Colo., the credit union said today. A 22-year banking, insurance and credit union executive, he will lead a lending initiative that will include business lending as well as developing a line of business services.

Champion previously served as executive vice president and chief lending officer at the $1.7 billion Texans Credit Union. He also served as president/CEO of Texans Commercial, which later changed its name to Credit Union Liquidity Services LLC after Texans CU sold its majority interest in the CUSO.

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Lending