Lucy Ito, former president and chief executive of the National Association of State Credit Union Supervisors, has exited retirement to lead Orange County’s Credit Union in Santa Ana, California.
Processing Content
Ito, who stepped down from the helm of the trade organization in December of last year and was succeeded by Brian Knight, assumed an interim CEO role with the $2.4 billion-asset credit union on Monday. She fills in for Shruti Miyashiro, who announced her resignation from the roles effective July 21 to become CEO of the $9.9 billion-asset Digital Federal Credit Union in Marlborough, Massachusetts starting in August.
Lucy Ito, former president and chief executive of NASCUS and incoming interim president and CEO of Orange County's Credit Union.
"With over 30 years of operational and leadership experience in the industry, we are confident Lucy brings the knowledge, people-centered approach and proven track record to be an impactful interim CEO for our associates, members and communities," Gary Burton, board chair for Orange County’s, said in a press release Monday.
Prior to her work with NASCUS, Ito was the chief operations officer at the California and Nevada Credit Union Leagues and was a vice president of the World Council of Credit Unions.
JPMorganChase wants to expand its digital bank offerings to three more European countries, according to a new Financial Times report; M&T Bank Corp. elects Jerry Jacobs Jr. to the board of directors of both its parent and banking subsidiary; Citizens Financial Group names Chris Emerson as head of investor relations; and more in this week's banking news roundup.
Chair Travis Hill said SVB showed banks can't always sell securities fast enough to cover deposit outflows, but acknowledged the "stigma problem" with discount window borrowing remains unsolved.
At a conference in New York, Joseph Otting reflected on the difficult hiring decisions he made early in his tenure heading Flagstar Bank, which just two years ago was on the verge of collapse.
Back-office automation fintech BILL Holdings is using JPMorgan Payments white-label digital wallet to subledger its own clients' accounts. Reconciling client payments for BILL's corporate card, the BILL Divvy Card is the company's first use case.
