Dallas, TX — February 2026 Michael Abraham, a seasoned financial services executive with more than 20 years of leadership experience across banking, credit unions, and CUSOs, has been appointed to the Board of Directors of BankSocial.
Abraham currently serves as Chief Strategy Officer at Great Lakes Credit Union, where he oversees enterprise initiatives spanning business development, lending, mergers and acquisitions, and external growth. Following the successful 2024 merger between Great Lakes Credit Union and First Financial Credit Union, Abraham was also named CEO of GLCU Holdings, CEO of Mortgage Forward, and CEO of GLCU Insurance, a group of closely held CUSOs supporting the organization’s long-term growth and diversification strategy.
Previously, Abraham served as President and Chief Executive Officer of First Financial Credit Union, where he led a period of transformational expansion, growing the institution by more than 300%. During his tenure, he helped design and launch the Encurage Network Credit Union Model, an innovative approach to collaboration and shared services within the credit union ecosystem.
Before joining the credit union industry in 2014, Abraham spent over a decade in community, regional, and national banking, holding leadership roles across lending and operations, including serving as a loan department lead for one of the largest financial institutions in the United States.
Abraham brings extensive governance experience to his board appointment. He currently serves on the Board of Directors of the Illinois Credit Union Foundation, the Illinois Credit Union League as Vice Chairman, Envisant as Vice Chairman, Services Credit Union as Vice Chairman, and as Chairman of the National Credit Union Insurance Alliance. He also serves on the Board of Directors of Aviary AI and advises several investment and growth-focused ventures.
Beyond financial services, Abraham serves as a Board Member of Synergies Seed Fund, a first-of-its-kind nonprofit organization supporting entrepreneurs with disabilities. His prior board experience includes service with Xtend in Grand Rapids, Michigan, and Resources for Community Living in Rolling Meadows, Illinois.
In addition to his executive leadership, Abraham is an Adjunct Faculty Member at North Park University, where he has taught finance and management courses in the MBA program since 2018.
Abraham holds a Bachelor of Arts from DePaul University, an MBA in Finance, and a postgraduate degree from the University of Wisconsin.
A lifelong resident of the Chicagoland area, Abraham lives in the northern suburbs of Chicago with his wife Erin and their three children. Outside of work, he is actively involved in coaching youth sports and remains a loyal Chicago Bears and Cubs fan, despite the heartbreak most seasons bring.
“Michael Abraham brings a rare combination of strategic vision, operational rigor, and deep credit union expertise,” said John Wingate, CEO BankSocial. “His leadership and perspective will be instrumental as we continue to advance our mission and long-term growth strategy.”
About BankSocial
BankSocial (Fivancial, Inc.) provides unified programmable financial infrastructure for banks and credit unions. The platform enables real-time payments, self-custody digital asset wallets, and stock investing within a single, institution-controlled experience. Built on an ownership-first architecture, BankSocial powers modern financial services through APIs, event-streaming, and compliance-ready tooling.
Platform Availability
BankSocial’s platform is live and available for financial institutions.
Institutions can schedule a technical briefing and platform walkthrough at:
https://banksocial.io/contact-us/
The consumer application demonstrating the unified wallet experience is also available for download, showcasing real-time transactions, digital asset ownership, and integrated investing.
