Credit union aims to boost services with key hire
IC Savings, a community-based credit union, has announced the appointment of Lisa Abbatangelo as senior vice-president of lending services.
According to a news release, in her new role, Abbatangelo will oversee lending services, including residential mortgage market initiatives across Ontario, underwriting, servicing, and quality assurance.
“As IC Savings continues to build on its momentum, Lisa will be a tremendous asset to our purpose-led team and our lending business,” said David Parks, chief operating officer and chief risk officer at IC Savings. “I am confident that Lisa’s insights, experience and perspective will help IC Savings continue delivering value for the benefit of our members and the many communities our credit union serves.”
Abbatangelo brings expertise in residential mortgage operations, having previously held senior roles at Community Trust, Haventree Bank, and Home Trust. She has been recognised for her industry contributions, including being named to the Mortgage Global 100 list and acknowledged as a Woman of Influence.
IC Savings serves nearly 17,000 personal and business members through its eight locations in the Greater Toronto Area, as well as online and mobile banking services.
“I am energised by the opportunity to leverage my diversified experiences and get-it-done work ethic in support of IC Savings’ purpose of adding value for its members,” Abbatangelo said. “I’m also inspired by the credit union’s mantra of diamoci da fare, or let’s get to work, to grow and serve our communities.”
Abbatangelo is also actively involved in community service. She is a lifelong blood and plasma donor for Canadian Blood Services and serves as a patient experience advisor at Oak Valley Health’s Markham Stouffville Hospital.
Her appointment comes amid shifts in the Canadian residential mortgage market. The Bank of Canada recently reduced its policy rate to 2.75% to stimulate economic growth. While fixed mortgage rates have declined, lenders have begun tightening underwriting standards due to economic uncertainties. Also, as reported by the Canadian Real Estate Association, home sales saw a 9.8% decline from January to February 2025, reflecting buyer hesitation amid market uncertainty.
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