Georgetown University’s Newspaper of Record since 1920

The Hoya

Georgetown University’s Newspaper of Record since 1920

The Hoya

Georgetown University’s Newspaper of Record since 1920

The Hoya

Credit Union Names New Board

The Georgetown University Alumni and Student Federal Credit Union announced its top corporate officers for the 2005-2006 academic year on March 1.

Ankit Bishnoi (MSB ’06) was named the Credit Union’s new chief executive officer and Allison Kent (MSB ’06) was selected as the new chief operating officer. The two were elected to serve as co-chairs of the board of directors.

Bishnoi said that greater customer service continues to be the board’s highest priority.

“We have a very service-oriented board that will help us understand our role in providing the appropriate financial service to the Georgetown community,” he said. “We enjoy a sense of knowing that the best things on campus are student-run, and we’re very humbled by that notion. We look forward to continuing that tradition on the Georgetown campus.”

In the past year, the Credit Union has maintained financial success in maintaining its level of assets – $12 million – despite new competition from Chevy Chase Bank, the only other financial institution on campus.

“We are entering a new era as a Credit Union, as most students are seeing that we better serve the needs of the Georgetown community,” Bishnoi said.

The Credit Union has consistently ranked better than most financial institutions, according to two separate external audits on financial operation, Katie White (MSB ’06), the Credit Union’s newly elected chief communications officer, said. The Credit Union’s loan portfolio grew by 20 percent over the past year, with loan rates at an all-time low and with the addition of used auto loans.

“By all means, the past year has been a success for the Credit Union – financially, and in terms of our loan portfolio, internal morale and unity,” White said.

With over 8,000 student accounts and nearly 120 student interns, the Credit Union is also looking for ways to create more employment opportunities for students and expand greater member appreciation in the coming years.

“In order to keep the Credit Union connected with Georgetown students, we will host a member appreciation day to thank our members for banking with us,” White said. “This is just one of our goals in the coming years.”

Bishnoi finally discussed how integration within the Credit Union will make it stronger and more able to provide better service.

“Raising internal morale and unity within the Credit Union will ultimately make us a stronger student organization that can remain the best student-run financial institution in the nation,” he said.

GUASFCU will help to institute greater morale by holding more recruitment days and unifying its individual member service, finance, credit, operations, marketing, human resources and information technology departments, White said.

The remaining four students named to the board of directors were Ed Sheppard (MSB ’06) as chief lending officer, Greg Pasqua (MSB ’07) as chief financial officer, Mike Kosty (MSB ’07) as chief information officer, and Andrew Pardo (MSB ’06) as treasurer.

The new board is replacing outgoing Chief Executive Officer Aaron Shumaker (MSB ’05) and Chief Information Officer Ryan ooney (MSB ’05), who also served as the board’s co-chairs. Other outgoing members include Treasurer Dan Jones (MSB ’05), Chief Lending Officer Abhyuday Prashad (MSB ’05), and Chief Operating Officer Maria Panarelli (MSB ’05).

Donate to The Hoya

Your donation will support the student journalists of Georgetown University. Your contribution will allow us to purchase equipment and cover our annual website hosting costs.

More to Discover
Donate to The Hoya