ValleyStar promotes Shaffer, Sparrow, Barnes | Local News

ValleyStar Credit Union announces Mendy Shaffer as its interim main monetary officer, Robert Sparrow as its main risk officer and Justin Barnes as its main lending officer.

Shaffer’s position is to recognize and protected investment decision and financing options. She arrived to ValleyStar in 2018 as the vice president of accounting. In her new part, Shaffer recognize and protected expense and funding alternatives.

She has a bachelor’s degree in business administration from Averett College and a master’s degree in company administration from Radford University. She acquired American Bankers Affiliation, Stonier Graduate School of Banking, Banking Management designation via The Wharton School and attended the Credit history Union National Affiliation (CUNA) Fiscal Administration College and Southeast Location Credit Union College of Administration.

“Her ability established will advance sustainable and scalable tactics in financial engineering and capital advancement for ValleyStar,” said Mike Warrell, CEO of ValleyStar Credit rating Union, in a push launch.

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Sparrow’s part is to evaluate and mitigate danger. He joined ValleyStar in 2013 to lead compliance for the credit score union and regulate human assets.

He has a bachelor’s diploma in business management and accounting from Hampton College. His licenses and certifications contain Bank Secrecy Act Compliance Specialist and Credit rating Union Company Hazard Management Specialist.

“Robert has played an integral role in examining danger and optimizing choices to assure our group and our members are at the center of all we do at ValleyStar,” mentioned Warrell.

Barnes’ new position has him functioning to diversify the ValleyStar lending portfolio. He begun at ValleyStar in 2018. In his past part as VP of industrial lending, he grew the crew to much more than $160 million, including a number of lenders in 5 new markets.

He attended Virginia Western Neighborhood College or university and is a 2009 graduate of the Virginia Bankers Association University of Financial institution Management at the University of Virginia. Barnes started his profession in economical companies in 1999.

“Under Justin’s leadership, ValleyStar’s industrial lending staff observed great expansion,” stated Warrell.

In 2020, ValleyStar expanded its lending products and services into Augusta County, exactly where the commercial crew contributed to pretty much a dozen new housing developments. The team gained a CUNA National Excellence in Lending Award for ValleyStar’s attempts in building a responsive and contactless program as an substitute to the national Paycheck Protection Software.

Maria Flores

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