IRWINDALE, Calif.–Two California credit unions have named new CEOs.
In Irwindale, the $974-million SCE Federal Credit has selected Jennifer Oliver to lead the organization effective March 1, 2022.
Oliver will succeed Dan Rader, who is retiring after 24 years with SCE.
“As we prepared for the retirement of Dan Rader, the board of directors has been working diligently over the past two years to find the right fit and culture add as president/CEO,” said Chairman Patrick McCloskey. “We developed a CEO leadership transition plan with Mitchell Stankovic & Associates to guide and facilitate the process and to ensure due diligence was top of mind throughout the selection process. The entire board came together to determine the future of our remarkable credit union.”
Oliver has more than 35 years of diversified credit union executive management experience and currently serves as executive vice president with the $4.2-billion Municipal Credit Union in New York, a role for which she was selected by NCUA as part of the Conservatorship Executive Team the agency brought in to oversee the restoration of net worth, compliance remediation, modernization of operations, employee engagement and member trust.
‘Incredible Organization’
Prior to her role at Municipal, Oliver was CEO of South Bay Credit Union, CEO of California Bear Credit Union and SVP at WestStar Credit Union in Las Vegas.
“SCE Federal Credit Union is an incredible organization with an exciting future,” said Oliver. “This is an important time for SCE, and I look forward to building upon Dan’s legacy and the foundation set by the board and executive team. It is a wonderful opportunity to continue to serve this incredible membership and community, helping to make their financial goals a reality.”
Founded in 1952 by IBEW Local 47, SCE FCU now has more than 61,000 members.
New CEO at SAFE
Separately, in Folsom, Calif., SAFE Credit Union has selected Faye Nabhani as its new CEO to succeed Dave Roughton, who plans to retire from the $4.3-billion credit union at the end of 2022 after 23 years with SAFE. Roughton succeeded Henry Wirz as CEO in 2016.
Nabhani is currently chief credit officer with the credit union and will be SAFE’s first female CEO since its founding in 1940.
“SAFE has been fortunate to have Dave at the helm for the past six years. Under his stewardship, SAFE doubled in size from $2.14 billion to over $4.3 billion, and from 192,000 members to more than 240,000,” said Board Chair Terrance Tremelling in a statement.
Nabhani joined SAFE in 2016 as chief credit officer, and has overseen 52% growth in its loan portfolio,the credit union said. Nabhani will become president Jan. 1, and she will be elevated to president and CEO in January.
Before SAFE, Nabhani worked for KeyPoint Credit Union in Santa Clara for 22 years in a variety of roles.