(Van Nuys, CA, Aug. 8, 2007) - Edwin "Ed" Hada has been named Senior Vice President Finance & Administration/Chief Financial Officer, for Los Angeles Police Federal Credit Union (LAPFCU). In his new position, Hada will be responsible for overseeing the Finance, Human Resources and Information Systems departments for the Credit Union.
"We are very pleased to welcome Mr. Hada to our team," explained G. Michael Padgett, LAPFCU President and CEO, who was appointed to his position in January 2007 after serving as LAPFCU's Chief Financial Officer. "Ed has built a distinguished career working within the field, and we look forward to his contributions in helping LAPFCU to further serve our members."
"I am greatly honored in accepting this position," Hada added. "Over the course of my career, I have sought to work with financial institutions that have been on the leading edge of service and technology. LAPFCU is one of these leaders."
Hada comes to LAPFCU after more than seven years of work at WesCorp, a corporate credit union. For the past four years, he worked as Vice President of Financial Consulting Services where he oversaw WesCorp's consulting services to member credit unions for ALM and balance sheet management. He also served as WesCorp's Vice President of Investment Operations for three years.
Prior to WesCorp, Hada worked as Chief Financial Officer for 21 years at Wescom Credit Union, where he was responsible for all aspects of financial operations including asset/liability management, financial planning and analysis, investments, budgeting and cash management. He also served as director of planning and financial officer for two credit union service organizations and developed the first internal audit program for Wescom.
Hada earned his bachelor's degree in economics from Occidental College in Los Angeles. He also completed the Executive Leadership and Management Skills programs at Graziadio School of Business and Management, Pepperdine University. He is a past member of the CUNA (Credit Union National Association) CFO Council, and has been a speaker at numerous credit union industry groups and conferences.
About LAPFCU
The Los Angeles Police Federal Credit Union (LAPFCU) is a member-owned cooperative established in 1936 to serve the financial needs of the sworn and civilian employees of the Los Angeles Police Department and their families. Headquartered in Van Nuys, California, with branches located throughout Los Angeles, LAPFCU has over $658 million in assets and more than 44,000 members. Membership is open exclusively to active and retired, sworn and civilian employees of the LAPD and their immediate families.
