CU Lending Cooperative, LLC
Contact: John San Filippo, OmniChannel Communications firstname.lastname@example.org (619) 467-0431
For Immediate release Sept. 20, 2018
Credit Union Lending Cooperative, a CUSO committed to expanding the credit union movement through the use of innovative, collaborative lending and deposit growth solutions, today announced that well-known credit union veterans Jack Antonini and Sarah Canepa Bang have been named to the CUSO’s Board of Directors.
Antonini is currently the CEO of the National Association of Credit Union Service Organizations (NACUSO). Prior to his credit union career, he founded FirstUSA FSB, helped USAA build the world’s first virtual bank, executed the successful 2007 IPO of Cardtronics PLC, and headed Consumer Banking at Wells Fargo/First Union including online banking and internet customer delivery channels. He has more than 20 years of CEO and board-level experience.
Herb Wegner Individual Achievement Award winner Canepa Bang served as President/Chief Strategy Officer for Co-Op Networks Shared Branching, later retiring as the CO-OP Network’s EVP of Industry Relations in 2017. She currently sits on several CUSO, credit union and bank advisory boards and is Chair of the Credit Unions for Kids advisory board for the Children’s Miracle Network.
“The experience and insight from these two credit union power hitters will prove invaluable as we chart a new course for credit union lending and deposit growth,” said CULC CEO Mike Joplin. “We have a dynamic team in place now and we’re very excited about the future.”
According to Joplin, who also founded CU Revest, NACUSO’s New CUSO of the year in 2017, diversity is the key to a successful board.
“With their broad credit union backgrounds, Jack and Sarah round out our Board of Directors quite nicely,” said Joplin. “They join Tim Madigan and Randy Dotemoto to form the core of our success team.”
Madigan is a capital markets industry veteran in debt and capital investments, successfully securitizing over $2 billion in marketplace consumer loans, while Dotemoto has enjoyed a long and successful career in the alternative financing sector for a major credit union.
“We really couldn’t ask for a better team,” added Joplin. “The sky is the limit for what we can accomplish and where we’ll be able to move and improve the credit union market.”
About CU Lending Cooperative
CU Lending Cooperative (CULC) is a CUSO that was formed to provide credit unions with new and innovative ways to reach millennials and other desirable borrowers. It was founded by the same core group that created CU Revest, which was NACUSO’s 2017 CUSO of the Year. The CULC platform is first being deployed as a conduit to LendingTree, allowing member credit unions to compete jointly on a national scale for A-paper consumer loans. The program includes loss reserves and full servicing capabilities. Additional information is available at www.yourculc.com.
Mike Joplin has over 35 years experience in commercial banking and consumer finance. As a founder, co-founder and CEO he has created and managed several successful companies and has founded two thrifts and an independent bank.