Nicole Foote

REV Federal Credit Union recently announced two vice president appointments.

Nicole Foote is the new vice president of lending and Dean Wood was promoted to vice president of enterprise risk management (ERM), a news release stated.

In her role, Foote will be responsible for overseeing all aspects of consumer, indirect, and real estate lending.

Foote's appointment comes as a result of the impending retirement of Bruce Wolfe, the current VP of Consumer Lending. During his tenure, Wolfe made significant contributions to the growth and success of REV's lending department. As he transitions into retirement, the credit union is excited to welcome Foote to the team, confident in her ability to build upon Wolfe's achievements and sustain the organization's success.

"Nicole's wealth of experience in the lending industry, coupled with her in-depth knowledge of portfolio analysis and pricing strategies, position her as the perfect successor to Bruce," affirms Chief Operating Officer Tara Smith. "We are confident that her knowledge and forward-thinking approach will be instrumental in shaping the future of our lending department, allowing us to elevate our offerings, improve automation, and enhance the overall member experience.”

Before joining REV, Foote served as the vice president of consumer lending at Credit Union 1 in Rantoul, Illinois, where she managed a diverse portfolio of consumer loans. Prior to Credit Union 1, she held the position of senior consumer lending operations at Orion Federal Credit Union in Memphis, Tennessee.

Foote holds a bachelor's degree in business administration from Portland State University and is a graduate of the NAFCU Management and Leadership Institute.

Of Wood (pictured at right), the release stated, "The newly created role of VP of ERM underscores REV's dedication to fortifying its risk management capabilities and demonstrates the credit union’s willingness to seize business opportunities with even more confidence and resilience."

Smith said in the release, “Dean’s proficiency in risk management and compliance will play a pivotal role in supporting our strategic priorities. With Dean joining senior management and taking the lead on our ERM initiatives, we are better equipped to maintain and strengthen our risk appetite as we continue on our growth trajectory.”

Wood holds a bachelor's degree in business administration from Bridgewater College and a masters of business administration (MBA) from Eastern Mennonite University. He is certified as both a compliance officer and bank secrecy officer. In addition, Wood has completed an executive leadership program offered by DDJ Meyers, a prestigious executive training and recruitment organization.

In his new role, Wood will oversee ERM duties, including identifying, evaluating and reporting on all external and internal risks for the financial institution, in addition to BSA and regulatory compliance, legal administration, fraud, quality assurance and control and vendor management.

Wood joined REV as Director of Retail Operations in 2022. Prior to REV, Wood served as Director of Retail Operations at DuPont Community Credit Union in Waynesboro, Virginia.