I just noticed the new images beside the avatars for members, mods, supporters, etc. But I also noticed that the text above those images mostly say whatever the image does, ie; my image is MEMBER & it says member above it.

I can't remember what my text said before... maybe level 4 or something like that. Is there any place in the user CP to customize that text or is that an option available only for contributing members, etc?

 

It is under user title. You can change your own.