SAFE Federal Credit Union creates position for compliance director

Reaches $1 billion in total assets

FROM STAFF REPORTS
Posted 1/24/18

FROM STAFF REPORTS

SAFE Federal Credit Union has grown a lot since 15 civilian Shaw Air Force Base employees pooled their money in 1955 to eventually create the largest Midlands-based credit union with $1 billion in total assets.

As a …

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SAFE Federal Credit Union creates position for compliance director

Reaches $1 billion in total assets

Posted

SAFE Federal Credit Union has grown a lot since 15 civilian Shaw Air Force Base employees pooled their money in 1955 to eventually create the largest Midlands-based credit union with $1 billion in total assets.

As a billion-dollar institution, the credit union is subject to greater regulatory compliance requirements, so SAFE has created a new position to address regulatory issues, according to Kevin Tanzillo of the credit union.

Robin Kelly, who has worked at SAFE for 18 years, has been named the 19-branch, 119,000-member credit union's director of compliance.

Kelly will assure that SAFE complies with the myriad regulations that apply to credit unions and other financial institutions, in areas from lending to mortgages to fraud, Tanzillo said.

"When you combine complex regulations and our growth, now that we have passed the billion-dollar asset level, it requires the efforts of a lot of good people to make sure that we follow all the rules and protect our members and their money in everything that we do," Darrell Merkel, president and CEO of SAFE, said. "We are counting on Robin Kelly to help us in that mission."

"Asset size is the basic benchmark in banking that helps banks and credit unions evaluate growth. Being a billion dollars in assets is a big deal for any credit union and puts SAFE among the top 3 percent of credit unions in the country," said Toby Hayes, vice president of marketing for SAFE. "It took 62 years to grow to this level."

Kelly was SAFE's credit card services manager for more than a decade. Previously, she started with the credit union in 2000 as a switchboard operator, working her way up through positions in member services and collections.

Kelly will lead a staff of four.