With Financial Stress at Record Highs, Filene Launches Center to Help Credit Unions Support Members and Employees

July 14th, 2025016 Member Well-Being Launched July 1st with Mathieu Despard as Fellow Madison, Wis. – Filene’s Center for Member Well-Being officially launched July 1st, with fellow Mathieu Despard of Washington University, St. Louis. As inflation, prices on everyday goods and economic uncertainty continues to increase it is no wonder more Americans are feeling financially stressed these days. In fact, according to a recent Bankrate Financial Freedom Survey, 77% of U.S. adults say they are not completely financially secure, up from 75% in 2024 and 72% in 2023. Also, financial stress tends to be the major contributor to people’s overall stress—which...

ALM First’s Alec Hollis Promoted to Principal

July 10th, 2025021 Dallas, Texas – ALM First recently promoted Alec Hollis to Principal. Hollis joined the firm in 2012 and has gained more than a dozen years of direct experience in balance sheet strategy and risk management. Throughout his tenure, he has embodied ALM First’s core value of “innovation” by seeking out new ways to put clients’ best interests first and solve financial institutions’ most pressing challenges. “We’re thrilled to announce Alec’s promotion and look forward to his continued contributions,” says Robert Perry, Principal. “His experience empowering clients to maintain and enhance their margins, proactively manage...

SRP Federal Credit Union Gives Over $45,000 to American Heart Association

July 9th, 2025011 North Augusta, SC – Representatives of SRP Federal Credit Union presented the American Heart Association (AHA) with a donation of over $45,000 — the result of an employee-led fundraising campaign that exceeded its projected goal by over $10,000. SRP team members Charmaine Finch and Ieshia Bell, chair and co-chair of SRP’s AHA fundraiser, led the three-month campaign. The funds will help support the nonprofit organization’s initiatives, including heart and brain research, improvements in medical care, providing CPR training, and more. Across SRP departments and branches, SRP team members contributed to the fundraiser through...

Alloya Corporate FCU Facilitates Multi-Issuer Auto Loan Securitization

July 9th, 2025012 Naperville, Ill. – To do something that has never been done before requires initiative, hard work, creativity and, in this case, the Power of Cooperation that credit unions use as their secret weapon to compete. Alloya, working alongside three credit unions, Blaze (Minnesota), Consumers (Illinois) and Interra (Indiana), completed the credit union network’s first ever multi-issuer prime auto loan asset-backed securitization (ABS). This group of credit unions should be considered pioneers as they have opened a significant new source of liquidity for the entire credit union network. Banks have never completed a multi-issuer ABS, and this...

Alloya Announces Change in Payments Leadership

July 3rd, 2025116 Naperville, Ill. – Alloya Corporate Federal Credit Union announced today that Jim Schneck has been named Senior Vice President of Payments. In this role, he will oversee Alloya’s Payments business. Schneck joined the corporate in 2018, overseeing the strategic planning process as Chief Strategy and Innovation Officer. He was also responsible for Alloya’s payments business growth and innovation efforts, assessing changing technology and industry dynamics to determine the most advantageous growth pathways for members and Alloya. His background includes serving clients as a member of financial and consulting firms such as McKinsey &...

Top academic achievements honored at 2025 Southeast Management School

July 1st, 2025011 Athens, GA – One of the primary purposes of Southeast Management School is to prepare each student for a successful career of leadership in the credit union movement. To help accomplish this purpose and as a prerequisite for graduation from the three-year program, students take part in a range of individual and group projects that deepen their understanding of their credit union, the communities they serve, and the industry as a whole. Outstanding achievements in these areas are recognized through a few annual awards, including Year 2 Project Best and Excellence Awards, Year 3 Project Best and Excellence Awards, CU Financial Simulation...

New class of Certified Credit Union Executives emerges from SRCUS

July 1st, 2025014 (Athens, GA) – The Southeastern Regional Credit Union School (SRCUS) is pleased to announce that 41 distinguished credit union executives graduated on June 20 from Southeast Management School after successful completion of the three-year program on the campus of the University of Georgia in Athens, Georgia. This year’s program also marked a milestone: the first graduating class to earn the Certified Credit Union Executive (CCUE) designation, powered by America’s Credit Unions. Following formal approval in June 2024, SRCUS integrated CCUE testing requirements into the curriculum—beginning with first-year students, while offering a...

Centric FCU's Kristen Shambro honored with 2025 Hugh Watson Award

July 1st, 202506 (Athens, GA) – Southeastern Regional Credit Union School (SRCUS) is pleased to announce that Kristen Shambro of Centric Federal Credit Union (based in West Monroe, LA) has been awarded the 2025 Hugh Watson Award. Selected by vote of her classmates, Shambro accepted the award on June 20 during this year’s session of the Southeast Management School in Athens, GA. The award recognizes the exceptional contributions she has made to the class over the course of the three-year program and her outstanding leadership skills. Shambro currently serves as assistant vice president of operations at Centric Federal Credit Union. Since joining the...

A servant leader honored: BayPort’s Chris Jones receives McWilliams award

July 1st, 202504 (Athens, GA) – Southeastern Regional Credit Union School (SRCUS) announces Chris Jones as the recipient of the 2025 Tom McWilliams Service to SRCUS Award. The award, named in honor of the late Tom McWilliams, recognizes a student that exemplifies empathetic leadership, inclusiveness of others and appreciation for their perspectives, excellent communication and listening skills, and a commitment to service and willingness to participate. A recipient is determined following recommendations submitted by current SRCUS students and staff. Jones, operations manager for BayPort Credit Union in Newport News, Va., accepted the award on June 20...
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