Elevations Credit Union Welcomes Michael Calcote as New President & CEO

Posted by Alyse Knudsen on March 11, 2026

Elevations Credit Union has appointed Michael Calcote as the credit union’s new President and Chief Executive Officer, marking a strong and seamless next chapter for the Colorado-based, member-owned financial cooperative.

Calcote has served Elevations for more than a decade as Chief Financial Officer and Chief Risk Officer, playing a central role in strengthening the credit union’s financial foundation, long-term sustainability, and strategic growth. His appointment reflects continuity, confidence, and a shared commitment to the staff, members, and community.

“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. “He has helped guide this organization through growth, change, and opportunity, always with a steady focus on relationships, thoughtful planning, and doing what’s right for our members.”

As CFO and Chief Risk Officer, Calcote has overseen accounting and finance, strategy and performance, credit risk management, internal audit, payments and controls, secondary markets, and corporate real estate. His leadership has helped position Elevations as a strong, stable, and forward-looking credit union serving Colorado families and communities.

Prior to joining Elevations in 2010, Calcote served as Chief Financial Officer and Treasurer for Guaranty Bank, a publicly-held regional bank headquartered in Austin, Texas. Earlier in his career, he spent five years 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®.

Beyond Elevations, Calcote serves on the boards of the Federal Home Loan Bank of Topeka and Clinica Family Health & Wellness, reflecting his commitment to strong communities and responsible financial stewardship.

“I’m honored to step into this role and continue the work we’ve been doing together,” said Calcote. “Elevations is built on cultivating relationships, and that won’t change. We have a strong business plan, a talented team, and a clear direction. I’m excited to build on that foundation and continue serving our members and communities across Colorado.”

Under Calcote’s leadership, Elevations will continue executing its existing business strategy, investing in people, evolving how it serves members, and reinforcing its role as a trusted financial partner through every stage of life.

Posted in Colorado, Leadership, Regional Member News.