Virginia Credit Union Strengthens Leadership in Risk Management
Virginia Credit Union Enhances Leadership Team
Virginia Credit Union (VACU) has recently bolstered its leadership team by appointing Mike Brunson and Kenya Maddox to pivotal positions focused on risk management and internal auditing. This strategic move aims to address the growing complexities in today’s financial landscape while enhancing the value they bring to their members.
Mike Brunson Takes on Chief Risk Officer Role
Mike Brunson has been appointed to the newly established position of Executive Vice President and Chief Risk Officer. In this role, he will be instrumental in evolving VACU's enterprise risk management protocols. Brunson will closely collaborate with President/CEO Chris Shockley and other senior management to design and implement a robust risk management framework.
His responsibilities include directing the development of risk assessment and mitigation strategies that align with the credit union’s strategic objectives. Additionally, he will serve as a key advisor on various risk-related matters including regulatory compliance, credit risk, cybersecurity, and the management of emerging risks driven by evolving technologies.
Brunson brings with him over three decades of experience in audit and accounting, with more than 20 of those years spent at VACU. His previous tenure as Executive Vice President and Chief Audit Executive has equipped him with valuable insights into the credit union's operational landscape, making him well-suited for this new challenge.
Kenya Maddox Promoted to Chief Audit Officer
Kenya Maddox has been elevated to the position of Senior Vice President and Chief Audit Officer, where she'll report directly to Shockley. Her role is crucial in strengthening VACU's internal controls and conducting comprehensive risk assessments.
With over 30 years in the financial services sector, Maddox is both a Certified Public Accountant and a Certified Information Systems Auditor (CISA). Throughout her 25 years at VACU, she has held multiple positions within the internal audit department, refining her expertise and understanding of the organization’s risk management practices.
“Kenya's extensive knowledge and managerial skills will undoubtedly enhance VACU's capacity to serve its members effectively,” said Shockley. “Her role is vital in augmenting member value through critical analyses and evaluations of our operations, ensuring that we continually improve our offerings.”
The Future of VACU's Risk Management Approach
A focus on innovation and strategic insight will be essential as both Brunson and Maddox step into their new roles. The depth of their experience is expected to drive VACU's mission forward, helping the organization successfully navigate and mitigate risks in an increasingly complex financial environment.
Virginia Credit Union's commitment to safeguarding its members remains strong, reaffirmed by the leadership of experienced professionals. The proactive approach taken in enhancing risk management will not only protect VACU but also improve the overall experience for its members, ensuring consistent growth and confidence in financial services.
Commitment to Member Value
As VACU emphasizes its dedication to adding value for its members, the strategic oversight provided by Brunson and Maddox in their leadership roles is crucial. Their collaborative effort aims to elevate VACU's operational standards, ultimately benefiting every member of the credit union.
Frequently Asked Questions
What roles have Mike Brunson and Kenya Maddox been appointed to?
Mike Brunson has been appointed as the Executive Vice President/Chief Risk Officer, while Kenya Maddox is now the Senior Vice President/Chief Audit Officer.
What are Mike Brunson's responsibilities?
Brunson is responsible for overseeing risk management frameworks, directing risk assessments, and ensuring compliance with regulations.
What experience does Kenya Maddox bring to her new role?
Maddox has over 30 years in the financial services industry, including extensive experience in internal auditing at VACU.
How does VACU plan to enhance member value?
VACU aims to enhance member value by improving operational efficiency and implementing effective risk management strategies.
What is the significance of these appointments for VACU?
These appointments are pivotal for strengthening VACU’s risk management and internal audit functions, ensuring they can navigate complex financial challenges.
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