Breaking
FRSusan Sarandon arrested during pro-Palestinian protest outside UN in New YorkTRIstanbul Police Announced Immigrant Smuggling Operation that Captured 74 SuspectsUKFirefighters battle blaze at Catterick Garrison military barracksRUAn earthquake of magnitude 4.2 was recorded off the coast of SochiRUSerbian national team captain Dusan Tadic commented on the defeat by Greece in the Nations League matchCNXi Jinping and Donald Trump meet in Washington for summit on AI cooperation and bilateral tiesRUTraffic through the Verkhniy Lars-Daryali checkpoint is suspended due to a security alarmCNRising Taiwanese skateboarding star Koo Yung-yan wins the Asian Games men’s park style skateboarding silver medal, setting a record as the youngest person to win a medal in historyTR21 Suspects Detained Within the Scope of Istanbul Chief Public Prosecutor's Office Investigation on Financing of Terrorism and Laundering CrimesTRGold prices rise slightly but face risk of weekly lossFRSusan Sarandon arrested during pro-Palestinian protest outside UN in New YorkTRIstanbul Police Announced Immigrant Smuggling Operation that Captured 74 SuspectsUKFirefighters battle blaze at Catterick Garrison military barracksRUAn earthquake of magnitude 4.2 was recorded off the coast of SochiRUSerbian national team captain Dusan Tadic commented on the defeat by Greece in the Nations League matchCNXi Jinping and Donald Trump meet in Washington for summit on AI cooperation and bilateral tiesRUTraffic through the Verkhniy Lars-Daryali checkpoint is suspended due to a security alarmCNRising Taiwanese skateboarding star Koo Yung-yan wins the Asian Games men’s park style skateboarding silver medal, setting a record as the youngest person to win a medal in historyTR21 Suspects Detained Within the Scope of Istanbul Chief Public Prosecutor's Office Investigation on Financing of Terrorism and Laundering CrimesTRGold prices rise slightly but face risk of weekly loss
BackFormer CEO of Family First Credit Union Departs After Controversial Lake America Sweatshirt Post
Former CEO of Family First Credit Union Departs After Controversial Lake America Sweatshirt Post
Developing
CNBC World2 hours agoBusiness2 min read

Former CEO of Family First Credit Union Departs After Controversial Lake America Sweatshirt Post

Quick Look

Jane Smith, former CEO of Michigan-based Family First Credit Union, departed the company days after posting an AI-edited family photo wearing 'Lake America' sweatshirts, a reference to Trump's renaming of Lake Ontario that sparked backlash in Canada; the company stated she left effective immediately, with COO Jason Acosta as interim CEO, while Smith said the post was not intended as a political statement but acknowledged poking fun at the lake renaming.

AI-generated summary

Why It Matters

U.S. President Donald Trump declared the renaming of Lake Ontario on the U.S.-Canadian border to 'Lake America,' prompting backlash from Canadians, Prime Minister Mark Carney, and the animated show South Park, which renamed itself 'South America' in response.

Font size

The former CEO of U.S.-based credit union Family First is no longer with the company, days after she posted an allegedly AI-edited family photo of her family with "Lake America" sweatshirts.

On Wednesday, a statement posted to the company's website revealed that Jane Smith was no longer with Family First "effective immediately," with chief operations officer Jason Acosta serving as interim CEO. It was signed by Maurice Patterson, chairman of the Family First Credit Union board, and Acosta.

Family First did not state that if the reaction was the reason for Smith leaving, even though the company posted on Thursday that "we sincerely apologize for the concern, disappointment and pain this situation has caused our members and community."

Family First is based in Michigan, a state that borders Canada.

Smith on Sept. 11 had posted the photo on Facebook with the caption: "Like our sweatshirts? Not sure Canada will. Lol lol"

The post has since been deleted from Facebook, CBC News reported.

U.S. President Donald Trump declared the renaming of Lake Ontario on the U.S.-Canadian border to "Lake America" last month, prompting massive backlash from Canadians, Prime Minister Mark Carney, and even animated comedy South Park, which changed its name to "South America" in a jab at the U.S. President's order.

In an interview on Sept. 17 with ABC12 News in Michigan, Smith said that the picture contained an AI marker, but was later reposted by her sister without the AI marker.

"We weren't trying to make a political statement," Smith reportedly said. "However, we were, you know, kind of poking fun at the fact that you know one of the Great Lakes' names were getting changed."

In an earlier statement to ABC12 News, Family First had said it "unequivocally disapproves and rejects the content of the social media post involving our CEO, Jane Smith."

What to Watch

AI outlook — possibilities, not facts

  • Family First Credit Union will appoint a permanent CEO within the next few weeks

    Likely · Within weeks

Open Questions

  • Whether Jane Smith's departure was directly caused by the social media post
  • Whether the AI-edited photo violated any company policies
  • If Family First will appoint a permanent CEO soon

Related Topics

This article was originally published by CNBC World.

Related Stories

Costco Q4 Results Beat Estimates but Membership Trends Remain a Concern
Developing·

Costco Q4 Results Beat Estimates but Membership Trends Remain a Concern

Costco reported Q4 revenue of $95.72 billion, up 11.1% YoY, and adjusted EPS of $6.75, up 15%, both exceeding estimates. Membership fee income grew 7.3% to $1.85 billion, slightly below estimates, while renewal rates improved slightly. Executive membership reached a record 42.3 million. The stock was little changed in extended trading, and the analyst reiterated a hold rating with a lowered price target to $1,050.

CNBC World
2 min read
Oil prices rise on U.S.-Iran talks despite Houthi missile attacks
Developing·

Oil prices rise on U.S.-Iran talks despite Houthi missile attacks

Crude oil prices rose Thursday after U.S. and Iranian negotiators discussed a phased deal in New York to end the Persian Gulf standoff, though gains eased from session highs. Brent crude reached $105.69 and WTI $94.30, following earlier Houthi missile strikes on Saudi oil facilities that pushed Brent to a session high of $108.23. Saudi forces intercepted six missiles targeting Yanbu and Taif, while Trump and Pezeshkian delivered defiant U.N. speeches amid ongoing talks.

CNBC World
1 min read
German economy rebounds in 2026 but faces long-term headwinds from debt, demographics, and energy transition
Developing·

German economy rebounds in 2026 but faces long-term headwinds from debt, demographics, and energy transition

German economic institutes forecast 1.3% GDP growth in 2026 and 1.1% in 2027, driven by global demand, AI-driven data center construction, and government spending on infrastructure and defense, but warn growth will slow to 0.4% by 2028 due to high energy prices, skilled worker shortages, aging population, low private investment, and rising public debt from deficit-financed stimulus, while criticizing lack of clarity in fossil fuel phase-out plans and linking AfD's electoral success to reduced skilled worker immigration and weaker regional growth.

Deutsche Welle
3 min read
More on this topicfamily first credit union