Addison Avenue FCU’s Lumm To BowOut

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PALO ALTO, Calif. - (05/08/06) – Steve Lumm, who managed thehistoric roll-up of five Hewlett-Packard credit unions into acredit union giant, said he will retire as president and CEO ofAddison Avenue FCU at year-end. During his career, Lumm oversaw thelaunch of Addison Avenue Financial Partners, a CUSO that currentlymanages $1.7 billion in assets. Prior to joining the credit unionas CEO, Lumm served on both the Supervisory Committee and the boardof the former HP Employees FCU, which changed its name to AddisonAvenue, honoring the Palo Alto address where William Hewlett andDavid Packard created their pioneering computer company. A searchhas begun for a replacement.

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