From left to right: CUNA Director of Advocacy Shelton Roulhac, Weedmaps Vice President of Government Relations Dustin MacDonald, Budding Solutions Founder and CEO Shanita Penny, former Colorado Director of Marijuana Coordination Andrew Freeman and Maps CU Chief Risk Officer Rachel Pross.
WASHINGTON – In January when news broke that Attorney General Jeff Sessions had revoked the Cole Memo, Maps Credit Union Chief Risk Officer Rachel Pross ordered $30 million in cash – the same amount the credit union held on deposit for its cannabis business members – from the Federal Reserve and hired more armed security officers for its branches. She had to be prepared to divest the $30 million to those members that same day should Sessions' action mean a federal crackdown on marijuana businesses, which currently operate legally under state laws. The Cole Memo was developed to shield legalized pot businesses from federal prosecution.
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Natasha Chilingerian
Natasha Chilingerian has been immersed in the credit union industry for over a decade. She first joined CU Times in 2011 as a freelance writer, and following a two-year hiatus from 2013-2015, during which time she served as a communications specialist for Xceed Financial Credit Union (now Kinecta Federal Credit Union), she re-joined the CU Times team full-time as managing editor. She was promoted to executive editor in 2019. In the earlier days of her career, Chilingerian focused on news and lifestyle journalism, serving as a writer and editor for numerous regional publications in Oregon, Louisiana, South Carolina and the San Francisco Bay Area. In addition, she holds experience in marketing copywriting for companies in the finance and technology space. At CU Times, she covers People and Community news, cybersecurity, fintech partnerships, marketing, workplace culture, leadership, DEI, branch strategies, digital banking and more. She currently works remotely and splits her time between Southern California and Portland, Ore.
