TUSTIN, Calif.–(BUSINESS WIRE)–SchoolsFirst Federal Credit score Union, the biggest credit score union in California, proclaims the promotion of Michael Faulwell to the place of chief monetary officer. Mr. Faulwell assumed the function on August 2, 2022 and brings almost 30 years of credit score union, monetary, accounting, funding and merger expertise.

As chief monetary officer, Faulwell performs a major function in guiding organizational technique, figuring out alternatives to boost efficiency and improve worth to Members, and is liable for the Credit score Union’s monetary coverage and planning. He oversees 5 divisions together with accounting, treasury/credit score union investments, monetary planning and finances, mortgage participation, and services companies.

“I’m happy to welcome Michael to the SchoolsFirst FCU senior government group,” stated Invoice Cheney, chief government officer. “Michael’s expertise and distinctive judgment profit our 1.2 million Members and group. His monetary experience, dedication to the Credit score Union, and management imaginative and prescient make him a priceless contributor in guiding our group ahead.”

Faulwell has been with the Credit score Union since 1993, starting his tenure as division assistant for the finance space, then as vp and senior vp of finance. Along with his duties at SchoolsFirst FCU, Faulwell has served on the Finance Committee for Comunidad Latina Federal Credit score Union (CLFCU) since 2006.

“I’m honored to transition into this new management function,” stated Faulwell. “My focus will stay on delivering most worth to our Members by stewarding a powerful monetary place for the member-owned cooperative. I’m devoted to our mission of serving faculty staff and their households. I sit up for main ongoing investments in monetary expertise, revolutionary options for Member banking wants and expanded entry to cash administration instruments. It’s my private dedication to assist our Members and teammembers thrive.”

Faulwell earned a Bachelor of Arts in Economics from Miami of Ohio College. He lives in Tustin along with his spouse Tami and enjoys touring with household and volunteering in his group.

For extra details about SchoolsFirst Federal Credit score Union, go to schoolsfirstfcu.org.

For extra details about Comunidad Latina Federal Credit score Union, go to clfcu.org.

About SchoolsFirst Federal Credit score Union

SchoolsFirst FCU is the fifth largest credit score union within the nation. Serving faculty staff and their households, the group is devoted to offering World-Class Private Service and enhancing the monetary lives of its Members. At this time they serve greater than 1.2 million Members with a full vary of economic services and products — from financial savings and loans to funding, retirement and insurance coverage merchandise. SchoolsFirst FCU was based in 1934, when 126 faculty staff pooled $1,200 and established a Member-owned cooperative to assist enhance one another’s lives. In 2022, the Credit score Union reported almost $29 billion in property and stays the biggest credit score union in California. For extra details about SchoolsFirst Federal Credit score Union, go to schoolsfirstfcu.org.