Elevations Credit Union appoints Gytis Tuminas as chief financial officer

Elevations Credit Union announced the appointment of Gytis Tuminas as chief financial officer, following the recent appointment of former CFO Michael Calcote into the role of president and CEO.  

In his new role, Tuminas will oversee finance and accounting, along with several functions that support strategy, performance, and organizational effectiveness. He will continue to guide strategic and business plan execution across the organization, with a focus on operational excellence and long‑term financial strength.  

Tuminas joined Elevations in 2007 and has held a variety of roles across the organization, building deep expertise in financial management, risk management, budgeting and forecasting, regulatory compliance, and team development. He began his career at Elevations as a teller, a perspective that continues to shape his leadership approach and his commitment to valuing ideas from all levels of the organization. 

“Gytis brings a rare combination of strategic rigor, operational insight, and institutional knowledge,” said Michael Calcote, President and CEO of Elevations Credit Union. “He’s a forward-thinking leader, and he’s been instrumental in strengthening our financial foundation and advancing how we operate as an organization.” 

Tuminas holds a bachelor’s degree in finance from the Leeds School of Business at the University of Colorado Boulder and is an honors graduate of Western CUNA Management School. He is actively engaged in the local community through board service as Vice Chair of the Local Change Foundation, Treasurer of the WOW! Children’s Museum, and a board member with Rocky Mountain Performance Excellence. 

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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 ranks as the No. 1 credit union residential mortgage lender by purchase volume in Boulder, Broomfield, and Larimer counties. 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 over 180,000 members, more than 550 local employees and approximately $3.5 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.