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First Credit Union Rep Elected to Board of FHLBank of Topeka: Elevations Credit Union’s CFO Michael Calcote

Posted by on January 7, 2026

Elevations Credit Union‘s Chief Financial Officer Michael Calcote has been elected to serve on the Board of Directors for the Federal Home Loan Bank of Topeka, effective 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 Colo.-based Elevations Credit Union, 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 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.

Posted in Colorado, Leadership, Regional Member News.

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