Addison Avenue FCU Names WaMu Exec as CEO

PALO ALTO, Calif. – Addison Avenue FCU, the credit union for Hewlett-Packard companies, said yesterday that it has hired J. Benson Porter, an executive at Washington Mutual, as its new president and CEO. Porter, formerly the chief administrative officer and head of corporate affairs at WaMu, will succeed Steve Lumm, who is retiring as head of the $1.9 billion credit union at the end of the month. Porter has more than 20 years in financial services and currently sits on the Fannie Mae Housing Impact Advisory Council and the board of the Federal Home Loan Bank of San Francisco.