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Tuesday, November 07, 2006

Interim CEO Joins NCUD's Efforts to bring Credit Union to East Palo Alto

Great News!

As you know, we have been seeking an interim volunteer CEO to serve NCUD's efforts to bring a community development Credit Union to East Palo Alto. We are now at a place where it’s critical to have someone with the right experience to help us complete and submit the final charter application to the National Credit Union Administration. Once the charter is completed the interim CEO will assist us in communication with the NCUA the search for a permanent CEO. The interim CEO will take the lead on the operations side of the plan with NCUD continuing to be the sponsoring organization and maintaining the community connections.

As a result of our request, Stu Fisher from Addison Avenue Credit Union stepped forward to serve in this role. Addison Avenue C.U. began as Hewlett Packard's Credit Union and have branched out to serve the technology sector. They now have 20 branches nationwide with $1.8 billion in assets.

Stu brings over 15 years experience in marketing, strategy, business development and general management for both entrepreneurial and established business groups. He serves as Addison Avenue's VP for Business Development and Retail Sales. He has a BA in Economics from the University of Pennsylvania and a MBA in Finance and Accounting from the Kellogg Business School at Northwestern University in Ill.

We're blessed and humbled to have Stu serve with us in completing this great task of empowering our community.

However it gets even better!

In addition, Keith Troup from Stanford Federal Credit Union will also assist us in setting up our operations, lending policies and procedures. Keith is currently serving as the VP for Operations for Stanford CU. Stanford CU continues to be an amazing ally in our efforts. Without their help we would never have gotten to where we currently are in this project. Keith's will play a major role in helping us to complete this task! We’re thankful for John Davis, Margaret Wold, Michael Hiller, Indiana Ortega and all the Stanford CU staff for their help, encouragement and assistance in our efforts. They have been our ‘Cardinal Angels’!

God is good! Among many other faithful volunteers and organizations we have two outstanding men and leaders (in Stu and Keith) serving our community!

Please continue to pray for us as we strive to complete this great task. There are some significant milestones in terms of funding, deposits and planning we must reach in the upcoming weeks. Your prayers and support are playing a vital role in helping us more ahead! Please let me know how you can help us reach our goals!

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