Expansion of Enterprise Risk Management Program to Support Growth

From left to right: Ana Foret, Stephanie Koch

Northeast Credit Union is pleased to announce the promotion of Ana Foret, CPA to Senior Vice President, Chief Risk Officer and Stephanie Koch to Assistant Vice President of Risk Management. These promotions support the credit union’s vision to become the best credit union, by enabling us to continue offering new financial possibilities and supporting the sound and safe growth of our credit union.

Foret, previously the Vice President of Risk Management, will be responsible for the design and execution of the Northeast Credit Union’s Enterprise Risk Management program (ERM) and practices, including the appropriate frameworks and methodologies to support effective risk identification, assessment, mitigation, and monitoring.

“Due to the importance of the risk function, as well as her proven track record for results driven strategic leadership, I am pleased to elevate Ana into this well-deserved senior level position within our organization,” states Timothy Collia, President & CEO at Northeast CU. Koch, in her new role as Assistant Vice President of Risk Management, will support Ana Foret with the execution of the ERM program, as well as oversee vendor management, compliance, and business continuity.

“Stephanie’s promotion is reflective of her tireless commitment to protecting members’ money and the Credit Union” states Ana Foret, Senior Vice President and Chief Risk Officer at Northeast Credit Union.