The $2.9 billion San Antonio Federal Credit Union has named EricMalagamba as its new chief financial officer.

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Malagamba comes to SACU from Frito-Lay North America in Plano, Texas, where he wasnational accounts emerging and convenience finance director for thePepsiCo division.

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“He is a skilled leader and manager who cares deeply about thedignity of others. He is someone in whom we can entrust our people;he will be a strong team member and partner for our businessmanagers. These qualities, coupled with his truly globalexperiences, give Eric the ability to bring unique perspectives toSACU,” said CEO Steve Hennigan.

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Malagamba has an MBA from Autonoma De Madrid University inMadrid, Spain, and a B.S. Actuary (Applied Mathematics) fromAnahuac University in Mexico City, Mexico, SACU said, and also hasheld international assignments with PepsiCo and Procter &Gamble during his 30 years in financial management.

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He succeeds Mark Dwyer in the CFO post. Dwyer is now the bigTexas credit union's general manager of indirect lending.

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SACU now has about 248,600 members with 16 locations in SanAntonio and one in Houston.

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