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Erin Mendez, incoming CEO of Patelco CU

PATELCO CU ANNOUNCES NEW CEO
updated 07/19/13 09:57 AM
Mendez Has 35 Years Experience
Patelco CU announced that Erin Mendez, a senior executive with 35 years of experience in the financial services sector and other industries, has been named CEO.

Mendez will assume leadership of the $4 billion Patelco CU in mid-August. Patelco, one of the nation’s oldest and largest credit unions, is headquartered in Pleasanton, CA.

Mendez moves over to Patelco from her position as executive vice president and COO at the $9.7 billion Schools First FCU in Southern California. She's spent several years in the financial services industry, including 10 years at School First.

Mendez previously served as senior vice president of retail banking at American Savings Bank, senior vice president of operations and chief information officer for Western Financial Bank, and chief technology officer for Health Net Inc.

Mendez steps into the top role following Patelco’s year of record earnings. The credit union posted an 11.4 percent net-worth ratio at the close of the year.

“Patelco has long been known as an innovative leader in the financial services industry, and I am honored to join the ranks of the prestigious few who have shaped Patelco into the trusted, growing financial institution it is today,” Mendez said in a Patelco statement. “I will be a diligent advocate for the safety and betterment of our members’ financial lives.”

Mendez serves as a member of the National Credit Union Foundation Investment Committee, is an executive committee member on the Applied Research Institute Board for the California Credit Union League, and is a board member of the National Benefits Services. She is past chairman of the Credit Union National Association (CUNA) Council Forum, former chairman of the CUNA CFO Council, and has served as a member of the CUNA Government Affairs Committee.

 
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CU DIRECT TO DONATE 20K TO CMN updated 12/16/14 11:03 AM
‘20 for 20’ Anniversary Campaign
CU Direct, the nation’s leading provider of lending, automotive, and strategic solutions for credit unions, is celebrating its 20th anniversary by holding a contest to donate $20,000 to one of the nation’s Children’s Miracle Network (CMN) hospitals.

NCUA MAY BE LIABLE FOR DATA BREACH updated 12/16/14 10:05 AM
Flash Drive with Member Info Lost
The National Credit Union Administration (NCUA) confirmed on Dec. 15 that a flash drive containing the personal information of Palm Springs FCU member was lost during a recent audit. The loss of data includes names, addresses, Social Security numbers, and account information.

PREPARE FOR HEALTH CARE REQUIREMENTS updated 12/16/14 09:42 AM
Also, Digital Media and Marketing
Federal health care law requirements, creating a quick digital message, and the marriage of innovation with marketing are all highlighted within the latest “Problem? Solved!” column in Credit Union Digest!

'IOLTA' BILL: A BIG WIN FOR MOVEMENT updated 12/15/14 10:36 AM
Two Credit Unions React
The Senate’s passage of H.R. 3468 on Thursday is big news for federally-insured credit unions in California and Nevada that serve attorney firms and other businesses, and could open the door to deepening current relationships and attracting new prospects.