Jonathan Oliver has been named the new president and CEO of San Francisco Federal Credit Union.
Oliver was previously EVP and chief operating officer at UNIFY Financial FCU in Torrance, Calif., and SF FCU Board Chair Bill Smith praised Oliver’s success at bringing that credit union from just over $1 billion in assets to $2.6 billion and playing “an instrumental role in 11 mergers which more than doubled the size of the credit union.”
Along with working with UNIFY, where he has served since 2008, Oliver also has experience with the banking and home loan divisions at Washington Mutual, where he helped develop a bank lending channel of more than 1,200 loan consultants nationwide. He also has experience with developing and implementing core sales and marketing strategies for lending and consumer banking divisions at FIs throughout his career. He also holds an MBA from Pepperdine University.
“There is no doubt this is a great opportunity for me,” Oliver said in a statement. “San Francisco Federal Credit Union is one of the premier credit unions in the nation. Its management team and employees are dedicated and talented professionals — something that’s reflected by the continued growth of the credit union’s membership, the sustained and unprecedented growth of its loan portfolio, and a keen focus on member service.”
SF FCU EVP/COO Stephen Ho is listed on the credit union’s call reports as its current manager. Its former CEO, Stephen Stapp, left the credit union in summer 2016 to take the helm at Unitus Community CU in Portland, Ore.
According to call report data, San Francisco FCU earned $9.1 million in net income in 2016, approximately three times its net income from 2015. The credit union earned more than $815,000 in net income during the first quarter of 2017.
