Elevations CFO joins Federal Home Loan Bank of Topeka Board as first credit union representative

Elevations Credit Union announces Chief Financial Officer Michael Calcote has been elected to serve on Board of Directors for the Federal Home Loan Bank of Topeka, currently effective as of Jan. 1, 2026. Calcote will become the first credit union representative to serve on the board, underscoring Elevations’ commitment to supporting the housing market.

“This is such an honor to join the Board and help support their mission of building strong communities,” Calcote said. “I’m grateful for the opportunity to contribute to such an impactful organization.”

Calcote also serves as chief risk officer at Elevations, overseeing accounting and finance, secondary markets, internal audit, payments and controls, credit risk management, strategy and performance, and corporate real estate. His leadership helps to ensure Elevations’ long-term financial sustainability and strategic growth.

Previously, Calcote served as CFO and treasurer for Guaranty Bank in Austin, Texas and worked as a regulatory examiner and capital markets specialist for the U.S. Office of Thrift Supervision.

FHLBank Topeka also announced board appointments of Jeffrey R. Noordhoek, CEO of Nelnet, Inc., and Paul Washington, a Boulder-based investor. Both have previously served on the board.

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About FHLBankTopeka

FHLBank Topeka is one of 11 Federal Home Loan Banks that provides liquidity and funding to build vibrant communities for its member banks, thrifts, credit unions, insurance companies and community development financial institutions. With $79.9 billion in assets and more than $4.1 billion in capital, FHLBank Topeka serves 651 member financial institutions in Colorado, Kansas, Nebraska and Oklahoma. Its board of directors oversees policy decisions and ensures that FHLBank's senior managers prudently operate the Bank. Currently, 14 directors serve on the board. Find out more at www.fhlbtopeka.com.

About Elevations Credit Union

Elevations Credit Union empowers its members and the communities it serves along Colorado’s Front Range with financial solutions and education. In addition to offering a broad portfolio of consumer and business banking services, Elevations is the No. 1 credit union residential mortgage lender by purchase volume in Colorado. Founded in 1952 as the U. of C. Federal Credit Union in Boulder, the organization has grown from 12 members and less than $100 in assets to nearly 178,000 members, more than 550 local employees and approximately $3.4 billion in assets. Elevations became a two-time recipient of the Malcolm Baldrige National Quality Award in 2020 and first received the award in 2014. The credit union also earns local awards along Colorado’s Front Range for Best Bank, Best Mortgage Lender and Best Customer Service. Elevations is also the first two-time winner of the Denver Business Journal’s Diversity, Equity and Inclusion Awards. Learn more at www.elevationscu.com.