CU Direct’s Board Election Results and New Officers Announced During DRIVE ’19 Conference, Financial Partners Moghaddam Recognized for Service

Las Vegas, NV | May 14, 2019

CU Direct, the nation’s leading credit union lending technology provider, has announced the results of their board of directors and officers elections during the company’s annual shareholders meeting at the DRIVE ‘19 Conference.

Erin Mendez, president & CEO, Patelco Credit Union; Benson Porter, president & CEO, BECU; and Nader Moghaddam, president & CEO, Financial Partners Credit Union were re-elected to new three-year terms on the company’s board of directors.

CU Direct’s board of directors elected Keith Sultemeier, president and CEO, Kinecta Federal Credit Union, as the company’s new chairman during its officer’s election. Sultemeier has served on CU Direct’s board since 2013. The company’s board of directors also elected Jim Laffoon, president & CEO, Security Service Federal Credit Union, as vice chairman, and Erin Mendez as the board’s secretary and treasurer.

CU Direct’s board also announced that Bob McKay, president & CEO, Anheuser Busch Employees’ Credit Union has been appointed as a director on the board, after serving as an associate director since August of 2017. McKay fills the vacancy created by outgoing director Chuck Purvis, president & CEO of Coastal Credit Union.

During the company’s shareholder’s meeting, CU Direct’s president and CEO, Tony Boutelle, along with the board of directors, recognized outgoing chairman, Nader Moghaddam, for his leadership, dedication and distinguished service as chairman of the board from 2017-2019.

“CU Direct and our board of directors wishes to express its sincere gratitude and appreciation to Nader for his leadership and guidance,” said Boutelle of Moghaddam. “His commitment to CU Direct’s advancement during his tenure as chairman has been very important to the company’s success.” Moghaddam remains a director on CU Direct’s board, which he has served on since 2011.

Also serving on CU Direct’s board of directors are:

• Donna Bland, president & CEO, Golden 1 Credit Union
• Sterling Nielsen, president & CEO, Mountain America Credit Union
• Brett Martinez, president & CEO, Redwood Credit Union
• John Lund, president & CEO, America First Credit Union (Ex-officio)
• Jeff March, president & CEO, Citadel (Ex-officio)

About CU Direct

CU Direct delivers enterprise lending solutions and technology to over 1,100 financial institutions under the Origence brand and to 15,000 auto dealers under the CUDL brand.

We are committed to delivering technology and solutions that meet the demands of an evolving financial landscape by bringing innovation and expertise to indirect lending, consumer loan origination, digital lending, marketing automation and CRM, online auto shopping, and outsourced origination services and loan processing.

CU Direct maintains an unwavering commitment to transformative thinking and has been at the forefront of change and innovation in our industry.