Addison Avenue Names New CEO

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PALO ALTO, Calif. - Addison Avenue FCU, the CU for Hewlett-Packard companies has hired J. Benson Porter, an executive at Washington Mutual, as its new president. 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 CU.

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. (c) 2007 The Credit Union Journal and SourceMedia, Inc. All Rights Reserved.

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