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.
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.
A group of 19 state attorneys general have sued the Trump administration, alleging the Department of Government Efficiency's move is illegal. The injunction is pending a hearing Feb. 14.
Newly-confirmed Office of Management and Budget Director Russell Vought, a key architect of Project 2025, has been charged with overseeing an agency Republicans have vowed to eliminate, according to a Wall Street Journal report.
Hood, who chaired the National Credit Union Administration from 2019 until 2021, has been selected by Treasury Secretary Scott Bessent to serve as acting comptroller of the currency. Hood replaces acting OCC head Michael Hsu, who has led the agency since 2021.
Courts are litigating the question of whether Elon Musk has the authority to assign DOGE employees to positions that grant them access to sensitive data.
Representatives of the first nonbranch team at the bank to unionize alleged in a charge filed with the National Labor Relations Board that actions to stymie collective bargaining constitute unfair labor practices.
Titi Cole, a former executive at Citigroup, is now on the company's board of directors; Citizens Financial Group has formed a trust subsidiary as part of its wealth management and private bank expansion efforts; shareholders of Atlantic Union Bankshares and Sandy Spring Bancorp approved the two companies' planned merger; and more in this week's banking news roundup.
