Tag Archives: credit union

Santa Clara County Federal Credit Union Promotes Montero and David to New Executive Roles

County Federal Names New Chief Administrative Officer and Chief Experience Officer.

San Jose, CA, USA — The Santa Clara County Federal Credit Union (http://www.sccfcu.org) today announced the promotions of Jennifer Montero and Divine David to new executive roles.

Jennifer Montero has been named Senior Vice President/Chief Administrative Officer. Jennifer has been serving as SVP/Organizational Development. She has extensive knowledge in the field of human resources management and specializes in high-growth operations and restructuring. Jennifer previously served on County Federal’s Board of Directors. In her expanded role, she will be responsible for providing strategic leadership in all human resource functions, learning and talent development initiatives, and special programs. Jennifer holds a bachelor’s degree in Business Management from San Jose State University.

Divine David has been promoted from Senior Vice President/Chief Lending Officer to Senior Vice President/Chief Experience Officer. Divine has a long history in banking, having worked with San Francisco Federal Credit Union, Provident Credit Union, Golden 1 Credit Union, and Bank of the West. In her new role, Divine will be responsible for enhancing the member experience and improving membership services. She holds a Management degree from Golden Gate University.

“Both Jennifer and Divine have been instrumental in helping us maintain the standard of excellence that members expect from County Federal” said Rebecca Reynolds Lytle, President and CEO of County Federal. “Expanding their roles allows us to have an even greater impact on the member experience and help us improve and expand our financial services.”

About Santa Clara County Federal Credit Union
For more than 65 years Santa Clara County Federal Credit Union has been helping county, city, and school employees and affiliated organizations with financial services to help them realize their dreams. In addition to maintaining a passionate commitment to provide knowledgeable financial solutions to its members, County Federal also maintains an extensive community outreach program, providing educational support through its scholarship program and dedicating time and resources to a variety of regional non-profit organizations. County Federal offers a comprehensive line of financial products and preferred rates and is committed to empowering, enriching and enhancing members’ financial lives.

For more information, please visit http://www.sccfcu.org.

Media Contact:
Marilyn Avalos
Santa Clara County Federal Credit Union
408.282.0782
mavalos@sccfcu.org

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Santa Clara County Federal Credit Union Sponsors Santa Clara Teacher Recognition Celebration for 23rd Year

County Federal Continues to Partner with the Santa Clara County Office of Education to Honor Teacher Excellence and Commitment.

San Jose, CA, USA — The Santa Clara County Federal Credit Union (http://www.sccfcu.org) is proud to be a sponsor of the Teacher Recognition Celebration organized by the Santa Clara County Office of Education (SCCOE) again this year. This marks the 23rd year that County Federal has partnered with the SCCOE to recognize teachers throughout the county for their educational excellence and commitment to their students, school, and the community.

The 2018 Teacher Recognition Celebration, held October 22, marked nearly 50 years of Santa Clara County honoring educational excellence, making the SCCOE Teacher Recognition Celebration one of the oldest and most prestigious in the state. The Celebration is held every autumn to applaud the outstanding work of teachers from every Santa Clara County school district. This year, 31 educators were honored for their outstanding work, as well as five teachers who received the STEM Teaching Award from event co-sponsor Texas Instruments.

“Educators are the unsung heroes of our community and we are proud to support Teacher Recognition Day as part our commitment to Santa Clara County,” said Rebecca Lytle, President and CEO of County Federal. “We have been serving county, city, and school employees for more than 65 years but we seldom have this type of opportunity to publicly recognize the professionals who work to make our community such a wonderful place to call home.”

The SCCOE created the Teacher Recognition Celebration to increase public awareness of the vital role educators play in helping youth and shaping the community, and to acknowledge the achievement, sacrifice, and training required of today’s teachers. Recognition also helps strengthen ties between students and teachers and promotes greater understanding between generations.

About Santa Clara County Federal Credit Union
For more than 65 years Santa Clara County Federal Credit Union has been helping county, city, and school employees and affiliated organizations with financial services to help them realize their dreams. In addition to maintaining a passionate commitment to provide knowledgeable financial solutions to its members, County Federal also maintains an extensive community outreach program, providing educational support through its scholarship program and dedicating time and resources to a variety of regional non-profit organizations. County Federal offers a comprehensive line of financial products and preferred rates and is committed to empowering, enriching and enhancing members’ financial lives.

For more information, please visit http://www.sccfcu.org.

Media Contact:
Marilyn Avalos
Santa Clara County Federal Credit Union
408.282.0782
mavalos@sccfcu.org

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Santa Clara County Federal Credit Union Adds Two New Vice Presidents to Leadership Team

County Federal Adds Senior Staff to Credit Union As Part of Ongoing Commitment To Extend Superior Services to Members.

San Jose, CA, USA — The Santa Clara County Federal Credit Union (http://www.sccfcu.org) today announced the expansion of its leadership team with the addition of two new Vice Presidents:

Carol Presar is the new Vice President of Learning & Talent Development with responsibility for employee training and human resources support. Carol has an extensive background in developing operational policies and procedures, instructional design, and enterprise-wide talent development. She previously worked with 1st Franklin/Merrill Lynch (now part of Bank of America) and holds a degree in Business Administration.

Steven Naylor is the new County Federal Vice President of IT Infrastructure. Steve has two decades of IT experience, including financial systems design and management. He comes to County Federal from Technology Credit Union and holds a bachelor’s degree from San Jose State University as well as a Business degree from West Valley Mission College.

“The success of any credit union hinges on the quality of service to its members, and as part of our commitment to our members, we seek out corporate leaders who share our vision and dedication to excellence,” said Rebecca Reynolds Lytle, President and CEO of County Federal. “As our new Vice Presidents, Carol and Steve bring extensive experience and fresh expertise to help County Federal enhance our member services and improve the membership experience. We are delighted to welcome these credit union veterans to the County Federal family.”

About Santa Clara County Federal Credit Union
For more than 65 years Santa Clara County Federal Credit Union has been helping county, city, and school employees and affiliated organizations with financial services to help them realize their dreams. In addition to maintaining a passionate commitment to provide knowledgeable financial solutions to its members, County Federal also maintains an extensive community outreach program, providing educational support through its scholarship program and dedicating time and resources to a variety of regional non-profit organizations. County Federal offers a comprehensive line of financial products and preferred rates and is committed to empowering, enriching and enhancing members’ financial lives.

For more information, please visit http://www.sccfcu.org.

Media Contact:
Sandy Roque
Santa Clara County Federal Credit Union
408.282.0722
sroque@sccfcu.org

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San Francisco Federal Credit Union Introduces 100% Home Financing with POPPYLOAN™

New Mortgage Now Available for San Franciscans Who Can’t Make a Down Payment in Skyrocketing Bay Area Housing Market.

San Francisco, CA, USA (December 10, 2015) — San Francisco Federal Credit Union today announced the availability of a new home purchase loan option for San Franciscans struggling with Bay Area housing prices. The POPPYLOAN™ mortgage offers up to 100 percent home financing with the possibility of zero down payment required for credit union members seeking to buy a new home.

POPPYLOAN was created in response to skyrocketing home prices throughout the San Francisco Bay Area. Many San Franciscans are paying more than the average mortgage payment in rent every month, but they cannot buy a home because they cannot save enough for the 20 percent down payment required for a conventional mortgage. To help fellow San Franciscans make their dream home a reality, San Francisco Federal Credit Union created the Proud Ownership Purchase Program for You – POPPYLOAN.

POPPYLOAN is available to anyone who works in San Francisco or San Mateo Counties and can be used to purchase a home anywhere in the nine Bay Area Counties: San Francisco, San Mateo, Marin, Napa, Sonoma, Santa Clara, Alameda, Contra Costa, or Solano. Qualified borrowers can finance up to 100 percent of the purchase price of a home, up to $2 million. There is no added requirement for private mortgage insurance (PMI).

“We see POPPYLOAN as a game-changer for the San Francisco real estate market,” said Rebecca Reynolds Lytle, Senior Vice President and Chief Lending Officer for San Francisco Federal Credit Union. “Too many of our members have given up hope of buying a home because of escalating home prices and the required down payment. However, these same families are paying more than a mortgage payment for monthly rent. Paying $3,600 for a one-bedroom apartment is about the same as making a monthly payment on an $800,000 mortgage. We created POPPYLOAN to help middle class families realize their dream of buying a home without having to move out of the Bay Area.”

To qualify for POPPYLOAN, borrowers must be 18 years or older and purchasing a single family home, townhouse, condominium, or 2-to-4 unit multi-family dwelling as their primary residence. POPPYLOAN is structured as a 5/5 adjustable rate, 30-year mortgage. Interest rates and monthly payments are fixed for the first five years and every five years thereafter, with no more than a 2 percent increase every five years and no more than a 6 percent increase over the life of the loan. POPPYLOAN is not available for refinancing an existing mortgage.

“The rising cost of real estate is creating a housing crisis in San Francisco, and while POPPYLOAN isn’t a solution for everybody, we want to do what we can for our friends and neighbors,” said Steven Stapp, President and CEO of San Francisco Federal Credit Union. “We studied the problem and realized that there was no reason our credit union couldn’t offer up to 100 percent financing without requiring PMI. Other credit unions have had success with similar programs and we built POPPYLOAN as the best possible solution we could offer to our members.”

For more information, visit San Francisco Federal Credit Union at http://www.sanfranciscofcu.com.

About San Francisco Federal Credit Union
San Francisco Federal Credit Union has been serving San Francisco since 1954. Today, anyone who lives, works, or attends school in San Francisco and San Mateo Counties may apply for membership. We currently serve more than 37,000 members. San Francisco Federal Credit Union is federally insured by the National Credit Union Administration and is an Equal Housing Lender. NMLS# 416906.

Contact:
Elaine Lee
Marketing Supervisor
San Francisco Federal Credit Union
P: 415-615-7099 F: 415-447-2259
elaine_lee@sanfranciscofcu.com
http://www.sanfranciscofcu.com