Tuminas named CFO at Elevations Credit Union

BOULDER — Gytis Tuminas has been named chief financial officer at Boulder-based Elevations Credit Union following the recent appointment of former CFO Michael Calcote as president and CEO.

In his new role, Tuminas will oversee finance and accounting, along with several functions that support strategy, performance and organizational effectiveness. According to an Elevations news release, Tuminas “will continue to guide strategic and business plan execution across the organization, with a focus on operational excellence and long‑term financial strength.”

Tuminas joined Elevations in 2007 as a teller.

“Gytis brings a rare combination of strategic rigor, operational insight and institutional knowledge,” Calcote said in a prepared statement. “He’s a forward-thinking leader, and he’s been instrumental in strengthening our financial foundation and advancing how we operate as an organization.”

Tuminas holds a bachelor’s degree in finance from the Leeds School of Business at the University of Colorado Boulder and is an honors graduate of Western CUNA Management School.

In the community, Tuminas serves as vice chair of the Local Change Foundation’s board, treasurer of WOW! Children’s Museum and a board member of Rocky Mountain Performance Excellence.

Calcote succeeded Gerry Agnes, who retired effective Feb. 28 after having led the organization since 2008.

Founded in 1952 as the U. of C. Federal Credit Union in Boulder, Elevations has grown from 12 members and less than $100 in assets to more than 180,000 members, more than 550 local employees and approximately $3.5 billion in assets.

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