BOULDER, Colo.–Elevations Credit Union has named a new president and CEO.
The $3.5-billion Elevations CU said it has selected Michael Calcote to lead the organization. Calcote has served Elevations for more than a decade as CFO and chief risk officer, “playing a central role in strengthening the credit union’s financial foundation, long-term sustainability, and strategic growth,” ECU said in a statement.
Calcote has overseen accounting and finance, strategy and performance, credit risk management, internal audit, payments and controls, secondary markets, and corporate real estate, according to Elevations, which added that “his leadership has helped position Elevations as a strong, stable, and forward-looking credit union serving Colorado families and communities.”
Prior to joining Elevations in 2010, Calcote served as CFO and treasurer for Guaranty Bank in Austin, Texas. Earlier in his career, he spent five years as a regulatory examiner and capital markets specialist with the Office of Thrift Supervision.
‘Honored’ by Selection
“I’m honored to step into this role and continue the work we’ve been doing together,” Calcote said in a statement. “Elevations is built on cultivating relationships, and that won’t change. We have a strong business plan, a talented team, and a clear direction. I’m excited to build on that foundation and continue serving our members and communities across Colorado.”
Calcote holds a bachelor’s degree in finance and accounting from Stephen F. Austin State University and is a Chartered Financial Analyst.
Beyond Elevations, Calcote serves on the boards of the Federal Home Loan Bank of Topeka and Clinica Family Health & Wellness, reflecting his commitment to strong communities and responsible financial stewardship, the 180,000-member Elevations CU said.
