Members Trust Company Welcomes Lucy Ito and Maurice Smith to Its Board of Directors

Members Trust Company Welcomes New Board Members

In an exciting development, Members Trust Company (MTC) has formally announced the appointments of Lucy Ito and Maurice Smith to its Board of Directors. This initiative aims to bolster the company’s mission of providing trust and investment services to credit union members and other private investors nationwide.

Members Trust Company, a nationally chartered trust entity based in Tampa, Florida, specializes in offering comprehensive trust and fiduciary solutions tailored to the needs of credit unions and their members. The inclusion of Ito and Smith, both highly respected figures in the credit union industry, is expected to amplify MTC's goals and enhance its commitment to those it serves.

The Experience of Lucy Ito

Lucy Ito, who formerly served as the President and CEO of the National Association of State Credit Union Supervisors (NASCUS), brings a wealth of experience and a strong track record in credit union regulation and collaboration. At NASCUS, she played a crucial role in advocating for effective policies within the credit union sector. Before this, she was the Executive Vice President and Chief Operating Officer at the California and Nevada Credit Union Leagues, where she significantly contributed to policy advancements across the region.

Expressing her enthusiasm about joining MTC, Ito stated, "With MTC’s strong dedication to integrity in business and cooperative values, I am honored to serve on the Board and collaborate with the exceptional leadership team." Her commitment to these principles aligns seamlessly with the overarching goals of MTC.

The Insights of Maurice Smith

Maurice Smith has an extensive background in the credit union movement, recently serving as the CEO of the Local Government Federal Credit Union. He has earned great respect for his contributions to finance, innovation, and community development over many years. Smith has also held significant leadership roles, having chaired both the Credit Union National Association (CUNA) and the National Cooperative Bank. He expressed his eagerness to join MTC, stating, "I have been a fan of Members Trust Company for a long time. This institution embodies the member-first culture of credit unions, and I believe every credit union should incorporate trust services into their offerings to better their members’ lives."

The Vision for the Future

Ken Lako, CEO of Members Trust Company, emphasized the importance of these new appointments, noting, "We are honored to welcome Lucy and Maurice to our Board. Their insights, vision, and dedication to the credit union philosophy of ‘people helping people’ will be invaluable as we continue to grow and innovate on behalf of our clients." Additionally, Jonathan Rich, the Board Chairman, echoed Lako's sentiment, stating, "I am thrilled to welcome Lucy Ito and Maurice Smith to our Board. Their proven leadership and deep commitment to the credit union mission will undoubtedly enhance our capacity to serve our clients and partners with excellence."

The addition of these prominent leaders marks a pivotal moment for Members Trust Company, which, founded by credit unions and owned by them, has reaffirmed its dedication to leadership excellence and cooperative values. It positions the company well to continue its growth trajectory while serving the evolving needs of credit unions and their members across the United States.

For further details about Members Trust Company, visit www.memberstrust.com.