The $2 billion Catalyst Corporate Federal Credit Union has appointed Steven Stapp, president/CEO of the $815 million San Francisco Federal Credit Union, to its Asset Liability Committee.
Stapp’s appointment – along with the recent appointment of Trevor Tokishi and Bill Before to Catalyst’s board of directors – gives former members of Western Bridge Corporate representation within Catalyst’s governance structure.
“Steven has a track record of improving financial performance for three different credit unions. His expertise in financial analysis and strategic planning will be an outstanding addition to this committee,” said Rick Hein, chairman of Catalyst’s ALCO and president/CEO of the $772 million OSU Federal Credit Union of Corvallis, Ore.
Stapp has been the chief executive at San Francisco FCU since August 2008. Prior to that, he held management positions at California-based institutions Redwood Credit Union, The Golden 1 Credit Union and River City Bank.
“Catalyst’s business plan outlines a commitment to maintaining volunteer leadership that is demographically representative of its membership at large,” said Kathy Garner, Catalyst’s president/CEO. “Bringing Steven on board aligns well with this objective.”
Frisco, Texas-based Catalyst said it currently has more than 1,230 capital-contributing members, 330 of which are former Western Bridge Corporate members.