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Honoring the Past, Embracing the Future. Continuing Our Commitment to You!
A New Chapter Begins in 2025…
As we step into a new chapter at MPS Credit Union, we’re excited to announce the transition of leadership that will guide us into the future. After over two decades of dedicated service as CEO, Jace Reyes, leaves behind a legacy of growth, community impact, and unwavering commitment to our members. Michele Paramore, our VP of Compliance and HR, will be stepping into the role, bringing her own vision and experience to lead MPS Credit Union forward.
Honoring a Legacy: Jace Reyes Retires as CEO
After nearly four decades of dedication to the credit union movement, Jace Reyes retired as CEO of MPS Credit Union in December 2024. His journey began in 1987 as Branch Manager and VP of Lending at JetStream Credit Union, eventually leading to his impactful role as CEO of MPS Credit Union in 1998. Jace’s commitment extended beyond his direct roles, serving as Chapter President and on the Florida Credit Union League’s Board of Directors, where he helped shape credit union advocacy statewide. Recognized by organizations like BeStrong International and Camillus House, Jace’s legacy is defined by community service and leadership. His retirement marks the beginning of a new chapter for MPS credit Union.
Jace Reyes Reflects on 25+ Years of Service
- What inspired you to start your career in the credit union industry?
After working for a multibillion-dollar corporation, I realized I wanted to be part of an organization that truly valued its local roots and community impact. Joining a credit union felt like the perfect fit—a chance to contribute to something more personal, meaningful, and directly connected to the people we serve.
- How has MPS Credit Union changed since you took on this role?
The transformation has been incredible. When I started, we had $40 million in assets; today, we’re nearing $200 million. We expanded our products and services to meet the evolving needs of our members. Additionally, shared services have made it easier for members to access their accounts wherever they are, enhancing convenience and flexibility.
- What accomplishments at MPS Credit Union are you most proud of?
I’m particularly proud of how we’ve grown without merging with larger institutions. This independence has allowed us to stay true to our mission and focus entirely on serving our members.
- What keeps you passionate about serving our members after all these years?
My passion comes from knowing we make a real difference. Unlike banks, we prioritize our members and employees, not shareholders. Helping our members achieve financial goals like buying a home or saving for the future has been incredibly rewarding and has motivated me throughout my career.
- Any final thoughts or message you’d like to share with our members?
It has been an absolute pleasure serving our members, working alongside the incredible MPS Credit Union team, and collaborating with our trusted business partners. Together, we’ve accomplished so much, and I’m grateful for the journey. As I step into this next chapter of my life, I look forward to spending more time with my family and grandchildren.
To our members, thank you for your trust and support over the years. MPS Credit Union will always put you first, and I’m confident the organization will continue to thrive in the years to come.
Welcoming Michele as our new leader in 2025. 
As Jace passes the torch, Michele’s experience and dedication to our mission will continue to uphold and enhance the member-first values at the heart of MPSCU.
Michele Paramore: Leading MPS Credit Union into a New Era.
- What initially attracted you to MPS Credit Union, and how has your journey here prepared you for this new role as CEO?
Before joining MPSCU, I worked for 13 years as a financial institution examiner, including examining MPSCU. In 2006, I transitioned here as a compliance officer, drawn by the credit union’s mission and leadership. Over the years, my role expanded to include HR and working closely with all departments, giving me a broad understanding of our operations and preparing me for this leadership role.
- What accomplishments or initiatives during your time at MPSCU are you most proud of?
- Maintaining a strong compliance track record with minimal regulatory oversight.
- Achieving certifications in compliance and financial counseling to assist members.
- Expanding our membership eligibility to new counties and earning industry awards.
- Introducing the “State of the Credit Union” address to foster transparency with staff.
- Leading initiatives to support community service and charitable efforts.
- What do you believe are the core strengths of MPS Credit Union, and how do you plan to build on them as CEO?
Our strengths include competitive rates, great products, and low fees. For over 94 years, we’ve embraced the “people helping people” philosophy. As CEO, I will focus on:
- Offering innovative, member-focused products and services.
- Expanding opportunities to help underserved members through unique loan programs.
- Strengthening our commitment to exceptional service and member-centric growth.
- How will your experience in compliance and HR influence your leadership approach as you take on this new role?
My compliance background ensures a focus on safety, soundness, and adapting to regulatory changes. My HR experience emphasizes team collaboration, clear communication, and accountability, which will drive our growth and innovation.
- What is your vision for MPS Credit Union in the coming years, and are there specific goals you’re excited to pursue?
Vision: To be South Florida’s leading financial partner, delivering exceptional experiences and fostering community partnerships.
Goals include:
- Growing membership and expanding our physical presence.
- Achieving “Great Place to Work” recognition.
- Enhancing financial wellness resources and inclusivity.
- What message would you like to share with our members as you take on this new role?
Join us as we embark on a new journey. During 2025, we will celebrate 95 years of service. Know that MPSCU will continue to live by its mission to provide accessible and affordable financial products and services to our members and local underserved communities, empowering individuals and improving their lives through financial literacy, collaboration, and innovation. We aim to be a trusted partner in your financial journey.
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