BOULDER, Colo.— The $3.5-billion Elevations Credit Union has named longtime executive Michael Calcote as its new president and CEO, elevating the veteran finance and risk leader after more than a decade with the credit union.
Calcote most recently served as chief financial officer and chief risk officer, roles in which he oversaw accounting and finance, strategy and performance, credit risk management, internal audit, payments and controls, secondary markets and corporate real estate, according to the credit union.
“Michael is a proven, trusted leader who deeply understands Elevations’ mission, values, and long-term strategy,” Board Chair Ray Martinez said in a statement. “He has helped guide this organization through growth, change, and opportunity, always with a steady focus on relationships, thoughtful planning, and doing what’s right for our members.”
Elevations said Calcote’s promotion reflects a continuity move as the Boulder-based credit union looks to maintain its long-term growth strategy and member focus. Prior to joining Elevations in 2010, Calcote served as CFO and treasurer of Guaranty Bank, a publicly held regional bank based in Austin, Texas.