MFCU Announces Executive Level Expansion

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Members First Credit Union President and CEO Carrie Iafrate announced an exciting expansion of the credit union’s executive-level suite to include a Chief Financial Officer, Chief Operating Officer and Chief Strategy Officer, to starting April 4.

Iafrate presented its plan to promote current vice president of finance Tamara McGovern, current vice president of operations Amy Garver and director of strategic development Marcie Long to create the organization’s inaugural C-suite, during a board meeting early last month and internally to team members last week.


Developing this new level of executive leadership will allow the organization to devote critical resources and attention to product innovation, member experience, employee development and community impact for all members. . As the organization grows, the ability to make financially sound strategic decisions that support a better future for employees and members remains their top priority. By placing these strategic drivers in their respective positions, Iafrate believes the organization will be able to deepen the impact and reach of the credit union.

“I am proud to create our organization’s first C-suite and promote these exceptional leaders. I recognize the importance of elevating team members who have been fundamental to the culture of our organization’s past success. Each of these women is a proven disruptor in challenging the way things have always been done and are essential to our healthy and vibrant growth. They energize me to get things done with them.

As Director of Operations, Garver enhances the member experience. She ensures that Members First Credit Union processes are optimized by empowering teams to fulfill their purpose of serving members and communities through all channels. She leads with enthusiasm and a deep passion for the service experience. Garver has worked with Members First since the merger with Central Michigan Community Federal Credit Union in 2012. She served as assistant vice president of operations at CMCFCU prior to the merger.

As Chief Financial Officer, McGovern directs the financial affairs of the credit union to ensure exceptional performance, growth, security and strength for the organization and its members. Taking a “risk-aware” approach, she is able to optimize revenues and improve fund performance in line with strategic initiatives. She develops innovative, intelligent and avant-garde financial plans. McGovern joined Members First in 2020 and brings with her more than 25 years of experience in the finance and banking industry.

As Chief Strategy Officer, Long cultivates a community that attracts engaged employees who proudly commit to the culture. She ensures that Members First Credit Union’s strategy, brand and culture align with and personify the co-operative’s core values ​​of being trustworthy, caring and enthusiastic. Long has a fierce desire for progress and purpose and over 15 years of credit union experience.

Members First are confident that the purpose-driven leadership of this management team will position the co-op to provide financial security to its members while fostering a better future in meaningful and impactful ways.

Additional details about Members First Credit Union and their leadership team are available at mfcu.net/leadership.

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