MC FCU Announces New President & CEO 

Information and image provided by MC FCU

 MC Federal Credit Union is proud to announce Elba Arenas as the next President & Chief Executive Officer. Elba succeeds Jim Barbarich, former CEO, as he retires after serving the credit union for over 25 years in a variety of positions. MC Federal is looking forward to a future with Elba leading the credit union’s mission to make a difference in the lives of others. For the past 18 months, Elba has been serving as President and Chief Member Experience Officer. She also spearheads The Road to Financial Wellness, a financial literacy course created by Elba in 2016 which seeks to improve the financial well-being of our members and the communities we serve. Her dedication to the cause has been recognized nationally, with MC Federal receiving the National Desjardin Adult Financial Literacy Award in 2022 and 2023. 

Elba has been an integral part of the Credit Union since her beginning as the Western Regional Manager in 2016. She demonstrates effective leadership skills and a strong vision for business development that helped strengthen the company’s performance and risk controls. The MC Board of Directors is extremely confident in Elba’s knowledge, skills, and abilities stating: “Throughout her career, Elba has demonstrated the unique ability to foster constructive dialogue between colleagues and business partners to improve performance, build trust, and harness the talents of different individuals to drive success. Elba’s passion for our credit union is truly contagious, and we look forward to significant future MC Federal successes under her energetic leadership.” 

MC Federal would like to thank Jim Barbarich for his time and dedication to the credit union movement. MC Federal is excited for the continued growth and increased financial well-being to our members and the communities that we are proud to serve that Elba’s leadership will bring.