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Credit Union 1 Promotes New Senior Vice President of Risk Management


Lorraine Bennett, promoted to Senior Vice President of Risk Management.

Photo Courtesy of Credit Union 1

Anchorage, AK – June 26, 2014Credit Union 1 (CU1) is pleased to announce the promotion of Senior Vice President of Branch Operations, Lorraine Bennett, to Senior Vice President of Risk Management. A 30 year industry expert, Bennett has veteran experience with branch operations at Credit Union 1. In her new role, she will assume primary responsibility for overseeing regulatory compliance, security and fraud prevention and resolution at CU1.

“Lorraine has long been a proven leader within our organization, demonstrating a strong work ethic and extensive knowledge of Credit Union 1 and our industry,” said President/CEO Tom Newins. “Her past experience working with security issues and helping members who have been impacted by fraud made her a natural choice for this expanded role within the credit union.”

Bennett was originally hired in October 1983, giving her the distinction of being the longest-tenured employee at Credit Union 1. Over the past three decades, she has held several positions at the credit union, ranging from ATM Clerk to Branch Manager to AVP, VP and SVP of Branch Operations and now SVP of Risk Management. Bennett began her career as an ATM expert in the Lower 48, moving to Alaska after the launch of the Alaska Option network. She has since become certified as a Bank Secrecy Act Compliance Specialist and is working toward her credentials as a Certified Fraud Examiner.

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