The LSCU & Affiliates have made a couple of structural changes to the League and LEVERAGE staff. With the departure of Scott Morgan, SVP of finance and administration, earlier this month, the LSCU & Affiliates has reconstituted several senior positions. LEVERAGE EVP/COO Marvin Garland moves into the new position of EVP/Chief Financial Officer. Garland will oversee accounting, IT, facilities, and shared branching. He will also direct the LEVERAGE Auditing and Consulting Services.
“Marvin is perfectly suited for this new role,” said LSCU & Affiliates President/CEO Patrick La Pine. “As a CPA, with extensive financial knowledge and background, this make for an easy transition. Plus, the LEVERAGE Audit and Consulting function is growing and Marvin’s continued leadership will help expand our footprint in the Southeast. Marvin will continue to work with contract negotiations and business acquisitions, as well as be the point person for several of our system partners.” In the move, Human Resources will now report directly to the president/CEO. With Garland’s move, a new position was created: SVP of Strategy and Business Operations. Credit union veteran Lisa Burroughs has been hired to fill this new role. Burroughs has been in the credit union movement for more than 20 years. Most recently she was the Chief Operations Officer (COO) for the $1.3 billion Michigan Schools and Government Credit Union. Burroughs spent 13 years at the credit union overseeing every aspect of their operations. She is also a former credit union CEO and vice president of marketing. She brings extensive experience in sales, marketing, and business development.
“We are excited to bring someone of Lisa’s caliber and credentials on board,” said La Pine. “She holds five CUNA accreditations and one from CUES which shows her commitment to understanding every aspect of a an organization's operations. At Michigan Schools and Government she grew their sales by over 300 percent and assets by more than 230 percent. She knows small and large credit unions and has a proven track record of getting things done and will bring new energy to the organization.”
Burroughs will directly manage the day-to-day operations of various LEVERAGE departments and affiliated companies, as well as be the point person for various credit union system and vendor relationships. Transactional Services, Product Development, Marketing, Sales, and Product Management will fall under Burroughs. She will report to the president/CEO. Her first day is Dec. 2.