Professionals Make Moves at CUs, Vendors & CUSOs

EAST

The $2 billion CAP COM Federal Credit Union in Albany, N.Y., hired Becky Daniels as director of community engagement. Daniels will oversee community relations efforts including CAP COM School Banking, CAP COM @ Work, public relations and the CAP COM Cares Foundation. She will also serve as vice chair of the CAP COM Cares Foundation Board of Directors. Daniels joins CAP COM after serving as executive director for Discover Schenectady, a tourism promotion agency for New York’s Schenectady County. Before that, she was the digital marketing leader for GE Renewable Energy in Schenectady, N.Y.; Founder, CEO and strategist for Little Pond Communications; and community outreach specialist for the Center for Donation & Transplant in Albany.

ValleyStar Credit Union ($535 million, Martinsville, Va.) promoted two employees.

Lisa M. Lambrecht was promoted to EVP. Lambrecht has more than 20 years of credit union and executive leadership experience. Prior to joining the ValleyStar team as SVP/CFO, she was president/CEO of the $77 million, Richmond, Va.-based Entrust Financial Credit Union.

Andrew Reynolds was promoted to SVP/CFO. An employee of ValleyStar for 18 years, Reynolds has more than 20 years of credit union experience, including financial accounting and data analytics.

In his new role, he will oversee accounting and data analysis. Prior to joining the ValleyStar team, Reynolds was controller of the $94 million Baylands Family Credit Union in West Point, Va.

MIDWEST

The $4.3 billion Corporate Central Credit Union in Muskego, Wis., announced Michael Baumann accepted a new position with the credit union as investment assistant. In his new role, Baumann will provide review, analysis and administration of activities related to Corporate Central’s financial products and services. Baumann joined the Corporate Central team in November 2019 as a member services representative. He also has prior credit union experience, working for Park City Credit Union ($243 million, Merrill, Wis.) as a youth apprentice and serving three internships with the credit union throughout his college career.

The $4.5 billion Veridian Credit Union in Waterloo, Iowa promoted Brett Engstrom to chief information officer. Engstrom has worked at Veridian for 22 years and was previously the senior vice president of information technology.

CUSOS

The Ann Arbor, Mich.-based Michigan Business Connection welcomed two new employees.

Saptarshi Chakraborty was hired as a financial analyst. In his new role, Chakraborty will analyze credit and financial data, and prepare data for credit analysts and portfolio managers. His previous experience includes creating a business model thesis that was used to expand business operations and increase ROI for a restaurant, investment banking analysis for an auto parts manufacturer, facilitating branding and forming partnerships for a beverage company.

Shanell Marshall was hired as a portfolio manager. Her primary responsibilities will be monitoring borrowers’ performance to loan terms, financial analysis and performing annual reviews. Prior to joining MBC, Marshall worked for Comerica Bank for nine years, starting as a credit specialist in its Small Business Lending group and later being promoted to a senior commercial underwriter position.

PSCU in St. Petersburg, Fla., appointed Chris Shockley, president/CEO of the $3.9 billion, North Chesterfield, Va.-based Virginia Credit Union, as a board member. Shockley is replacing Eugene (Gene) Foley, longtime president/CEO of Harvard University Employees Credit Union ($866 million, Cambridge, Mass.) and member of PSCU’s board of directors, who is retiring from both roles. Foley served on the PSCU board for 11 years. Shockley has served as an associate director on the board for the past three years.

Aux, a back-office outsourcing CUSO based in Lakewood, Colo. (formerly CU Service Network), hired Tim Tibbals to its executive team as vice president of data analytics. He will be managing Aux’s new data analytics solution for credit unions, Cuery. A data analytics veteran within the financial services community, Tibbals specializes in applications and enterprise architecture with an emphasis in financial services and IT strategy. He has worked directly with users of small to Fortune 500 corporations and not-for-profits to manage, design, build and support enterprise applications through the development life cycle.

VENDORS

The Trust for Credit Unions (TCU), a family of institutional mutual funds offered exclusively to credit unions and based in Washington, D.C., elected two professionals to its board of trustees. Julie Renderos was elected chair. Renderos is the EVP and CFO of Suncoast Credit Union ($11 billion, Tampa, Fla.) and has more than 20 years of experience in the financial services industry. She was previously vice chair, served on TCU’s audit committee since 2015, and has remained an active participant in the Callahan Credit Union Financial Services Limited Partnership (CUFSLP), the administrator of TCU. She also earned her Certified Credit Union Executive designation and is a Certified Public Accountant licensed in the state of Florida.

Erin Mendez was elected vice chair. Mendez is the president/CEO of Patelco Credit Union ($7.5 billion, Dublin, Calif.) and has served on TCU’s board of trustees since 2019. She is also active in the CUFSLP.

LoanStreet, a New York City-based provider of a fully-integrated, online platform that streamlines the process of sharing, managing and originating loans for credit unions, banks and alternative lenders, appointed three new executives.

Eric Marcus joined as managing director and head of trading. Marcus brings more than 25 years of fixed-income capital markets experience, most recently as director of Guggenheim Partners. Previously he served as executive director at UBS, principal at Banc of America Securities, vice president at PaineWebber and vice president at Goldman Sachs.

Joe Dunham joined as director of business development, based in Los Angeles, and will focus on covering West Coast credit unions. He brings more than 20 years of experience in fixed-income, most recently as an investment advisor at Alloya Corporate Federal Credit Union ($6.9 billion, Naperville, Ill.). Previously, he was managing director and head of regional dealer sales for Amherst Pierpont Securities, vice president and head of regional dealer sales for Bank of New York Mellon and vice president at Bank of America.

Matt Rudzinski joined as a director of sales and trading. He will partner with clients looking to implement LoanSteet’s technology into their workflows as well as create, evaluate, price and distribute asset pools. Most recently, Rudzinski part of the loan trading desk at Alliant Credit Union ($12.3 billion, Chicago). Previously he was a mortgage underwriter at J.P. Morgan Chase & Co.

Please send your People news items to Natasha Chilingerian at nchilingerian@cutimes.com.