RICHMOND, Va.–-The Virginia Credit Union League has named Karima Freeman, its current chief operating officer, to serve as Interim president/CEO effective with the departure of Carrie Hunt later this month.
Freeman is a 23-year employee of the league, and currently manages membership services, working directly with credit unions on dues and other membership and affiliation issues, the league said in a statement. She also oversees the league’s accounting, human resources and information technology functions.
“Karima is a proven leader with decades-long relationships within the Virginia credit union system and a deep knowledge of the league’s operations,” Board Chairman Joe Thomas, CEO of NextMark Credit Union, said in a statement. “The league board looks forward to working with her, in partnership with the management team and staff, as we begin a new chapter in the league’s history and as we mark our 90th year of service to Virginia’s credit unions.”
Added Freeman, “Each of us at the league is committed to the success of Virginia’s credit unions,” said Freeman. “I’m proud of what we accomplish through the support and engagement of our member credit unions -- as an advocate and champion; as their premier business solutions provider; and as the driving force behind collaborative initiatives that support credit unions’ growth and success.”
Hunt Joining America’s Credit Unions
Current League President/CEO Carrie Hunt is departing the League at the end of month to serve as chief advocacy officer for America’s Credit Unions, the trade group formed by the merger of CUNA and NAFCU. Hunt was with NAFCU prior to joining the Virginia league.
“We are grateful for Carrie’s work these past three years in charting a course for the League that best articulated our vision to promote, protect and strengthen Virginia’s credit unions,” said Thomas. “We wish her well as she begins an exciting new chapter in her career, one that continues her exemplary service to the credit union industry.”
Added Hunt, “I’m honored to have led the Virginia league and know this organization will continue to deliver value to its member credit unions. It was a privilege to work with so many passionate people who worked to strengthen this already extraordinary organization and I look forward to continuing a strong relationship with the league in my new role.”
The league said it has launched a search for a permanent successor. Additional information is available here.
NCUA's Funds Get Clean Audit
Separately, NCUA’s four funds have earned unmodified, or “clean,” audit opinions for 2023, according to audited financial statements released by the agency’s Office of Inspector General.
The agency noted the complete 2023 financial statement audits(opens new window) are available on NCUA.gov.
According to NCUA, the financial statements, audited by the independent auditor KPMG LLP, cover the National Credit Union Share Insurance Fund, the agency’s Operating Fund, the Central Liquidity Facility, and the Community Development Revolving Loan Fund.
The Share Insurance Fund had assets of $21.4 billion on Dec. 31, 2023.