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Michael Calcote, President and CEO, Elevations Credit Union.
Michael Calcote, President and CEO, Elevations Credit Union.
Elevations Credit Union names Michael Calcote as CEO
ColoradoBiz Staff //March 26, 2026//
Elevations Credit Union has named Michael Calcote as its next president and chief executive officer, promoting a longtime executive who has led the organization’s finance and risk functions for more than 15 years.
In Brief:
- Elevations Credit Union names Michael Calcote president and CEO
- Calcote previously served as CFO and chief risk officer for 15+ years
- He oversaw finance, risk management and corporate operations
- Calcote previously held leadership roles at Guaranty Bank and federal regulators
Calcote most recently served as chief financial officer and chief risk officer, overseeing accounting and finance, strategy and performance, credit risk management, internal audit, payments and controls, secondary markets and corporate real estate.
“Michael is a proven, trusted leader who deeply understands Elevations’ mission, values, and long-term strategy,” said Ray Martinez, chair of the Elevations Credit Union board of directors.
Before joining Elevations in 2010, Calcote was chief financial officer and treasurer at Guaranty Bank in Austin, Texas. He also worked as a regulatory examiner and capital markets specialist with the Office of Thrift Supervision. He holds a bachelor’s degree in finance and accounting from Stephen F. Austin State University and is a Chartered Financial Analyst.
Calcote serves on the boards of the Federal Home Loan Bank of Topeka and Clinica Family Health & Wellness.
“I’m honored to step into this role and continue the work we’ve been doing together,” Calcote said.
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