What's Happening?
Verve, a Credit Union, has appointed Matt Loranger as its new vice president of risk management. Loranger previously served as senior vice president of enterprise risk management at First Commonwealth
Federal Credit Union. In his new role, he will oversee Verve's operational and strategic risk management, ensuring compliance with laws and regulations. Loranger will lead teams focused on compliance, fraud, information assurance risk, and quality assurance. His appointment is part of Verve's strategy to strengthen its cooperative and safeguard members' interests.
Why It's Important?
The appointment of Matt Loranger as VP of risk management is significant for Verve Credit Union as it aims to enhance its risk management capabilities. Loranger's expertise in enterprise risk management is expected to contribute to the credit union's growth and resilience. Effective risk management is crucial for financial institutions to protect against potential threats and ensure regulatory compliance, ultimately benefiting members and stakeholders.
