Banking

New leadership in place at Greater New Orleans FCU

Janet Sanders, president and CEO of Greater New Orleans Federal Credit Union, has retired after 17 years at the organization, including 14 at the helm.

Shelley Sanders, president and CEO of Greater New Orleans FCU

Sanders was appointed president and CEO in 2007 and helped grow the credit union in the region, including putting a focus on “initiatives that fostered financial empowerment within the Greater New Orleans Metropolitan area,” according to a statement on the GNOFCU website.

“What an awesome career I’ve had, and I’ve been so blessed to participate in so many great successes,” Sanders said in the statement. “I will always remember the great times we’ve had. And especially I will always remember the wonderful people that surrounded me throughout the years.”

Shelley Sanders, the credit union’s executive vice president, became CEO on April 1. The two are not related.

In 13 years at GNO, Shelley Sanders has held a variety of positions, including chief lending officer and director of operations, among others. She has more than 25 years of experience in the credit union movement.

Greater New Orleans FCU holds over $142 million of assets and serves more than 18,000 members. It earned $980,000 last year, more than double its 2019 net income, thanks to a 23% increase in noninterest income, an 11% reduction in charge-offs and a 13% increase in mortgage lending.



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