Strategic Appointments Strengthen Members Trust Company's Board
New Leaders Join Members Trust Company Board
Members Trust Company (MTC), a nationally chartered trust company dedicated to serving credit union members, is proud to announce the appointments of Lucy Ito and Maurice Smith to its Board of Directors. These distinguished leaders bring a wealth of experience and a strong commitment to the credit union mission, reinforcing the company’s goals to provide exceptional trust and fiduciary solutions nationwide.
Introducing Lucy Ito
Lucy Ito, who previously served as President and CEO of the National Association of State Credit Union Supervisors (NASCUS), has a rich history of leadership within the credit union industry. Throughout her career, she has championed regulation and collaboration, making significant contributions to the credit union movement. Prior to her role at NASCUS, Ms. Ito was the EVP and COO at the California and Nevada Credit Union Leagues, where she worked tirelessly to push forward policy initiatives that benefit credit unions across the region. Ms. Ito remarked, "With MTC's deep commitment to business integrity and cooperative values, I am honored to serve on the Board and to work alongside MTC's excellent leadership team."
Welcoming Maurice Smith
Maurice Smith, who most recently held the position of CEO at Local Government Federal Credit Union, is another respected figure in the credit union community. His leadership spans multiple areas including finance, innovation, and community development. Maurice has also served as Chair of both the Credit Union National Association (CUNA) and the National Cooperative Bank. His enthusiasm for joining the Members Trust Company Board is evident as he states, "I am delighted to join the Members Trust Company Board of Directors. I have long been a Members Trust Company fan. This institution emulates the Credit Union member-first culture throughout its ranks. Every credit union should add trust services to its suite of products to improve members' lives."
Leadership and Vision
Ken Lako, CEO of Members Trust Company, expressed his excitement about the new additions: "We are honored to welcome Lucy and Maurice to our Board. Their collective insight, vision, and dedication to the credit union philosophy of 'people helping people' will be invaluable as we continue to grow and innovate on behalf of our clients."
Jonathan Rich's Remarks
Chairman of the Board, Jonathan Rich, also shared his enthusiasm: "I am thrilled to welcome Lucy Ito and Maurice Smith to the Members Trust Company Board of Directors. Their proven leadership and deep commitment to the credit union movement will bring invaluable insight as we continue to grow and serve our clients, partners, and members with excellence."
Commitment to Trust and Investment Services
Members Trust Company was established by credit unions and is owned by credit unions, enhancing its ability to provide tailored trust and investment services to credit union members across the country. The addition of Ms. Ito and Mr. Smith to the board is a significant step in reaffirming the company's commitment to excellence in leadership and cooperative values.
Future Endeavors
As MTC continues to navigate the complexities of the financial landscape, the new board members are expected to bring innovative ideas and strategies that align with the organization’s mission. Their combined experience will be crucial in furthering MTC’s commitment to delivering quality services that empower credit union members.
Frequently Asked Questions
Who are the new members of the Board of Directors at Members Trust Company?
The newly appointed members are Lucy Ito and Maurice Smith, both prominent figures in the credit union industry.
What experience does Lucy Ito bring to the Board?
Lucy Ito brings decades of experience in credit union regulation and leadership roles, including her past roles at NASCUS and the California and Nevada Credit Union Leagues.
What is Maurice Smith known for?
Maurice Smith is known for his leadership as the former CEO of Local Government Federal Credit Union and has held significant positions in the credit union community, including as Chair of CUNA.
How does Members Trust Company serve its clients?
Members Trust Company provides trust and investment services specifically designed for credit union members, aiming to enhance their financial well-being.
Why are these appointments significant for Members Trust Company?
These appointments are significant as they reinforce MTC's commitment to leadership excellence and cooperative values, enhancing the company's capacity to serve its members effectively.
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