Community First Credit Union
Cary Shumway has over 20 years of experience in the financial industry, starting in 1999 as a Credit Collections Specialist. Throughout their career, they have held various roles in lending and collections at different credit unions. Cary began as a Collections Manager in 2002 and gradually progressed to Director of Collections in 2004 and Sr. Director of Collections in 2011. In 2013, they became the Vice President of Lending at Arizona Federal Credit Union, a position they held until 2016. Cary then joined UNIFY Financial Credit Union in 2018 as the Vice President of Consumer Lending and later became the Senior Vice President of Lending until 2021. More recently, they worked as a Principal Consultant at CAS Consulting from 2022 to 2023. Currently, they are the Chief Lending Officer at Community First Credit Union.
Cary Shumway pursued their education in a chronological manner, starting with Western International University in 2016. Cary completed their Bachelor of Business Administration (B.B.A.) degree in the field of Business Administration and Management, General in 2017. Following this, Cary attended the University of Phoenix from 2017 to 2019, where they earned a Bachelor of Science in Management. Most recently, they enrolled at the University of Phoenix again in 2022 and is expected to finish their Master of Business Administration (MBA) degree in Business Administration and Management, General by 2023.
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Community First Credit Union
We put people before profits. For 60 years we have chosen to not behave like a Wall Street bank. A bank is owned by stockholders. They are rarely customers, but bought stock in hopes that its value would increase. The primary role of a bank CEO is to raise stock price. The result? Customers get squeezed, shortcuts get taken, and fees become a profit center. The role of the CEO at a not-for-profit financial cooperative is to create wealth for its Members and the communities it serves. Any would-be profits are pushed back to Members and the cooperative –– like next-gen ATMs, new online conveniences, and additional branches. Community First Credit Union was founded in 1961 by seven LOCAL teachers who were denied home loans by banks. In 2017, Community First merged with Mendo Lake Credit Union, also founded by LOCAL teachers back in 1959. The Mendo Lake Credit Union charter was retained, and because the service area of the not-for-profit financial cooperative expanded to include five Northern California counties (Lake, Marin, Mendocino, Napa, and Sonoma), the Community First name was adopted for the combined credit union. Big banks take local deposits and lend them wherever they get the best return - L.A., Houston, Dubai. A financial cooperative is a better way to bank. At Community First Credit Union, your locally earned dollars must stay in the LOCAL economy. This helps your neighbors, police, parks, paramedics, schools –– in your back yard. What's more, we've been specially designated as a Community Development Financial Institution (CDFI) and a Juntos Avanzamos credit union - which means we go above and beyond to serve our LOCAL communities. Check it out!