FOR IMMEDIATE RELEASE:
Daniel Rader Named New President of SCE FCU
IRWINDALE, Calif. (December 1, 2015) - The Board of Directors of SCE FCU announced today that they have selected Daniel Rader to succeed Dennis Huber as CEO, effective June 30, 2016. Rader currently serves as Chief Financial Officer for SCE FCU. In his role, Rader has been instrumental in helping lead and manage the $634 million financial institution with over 52,000 members and 9 financial centers in two states. He will be promoted to President effective January 1, 2016 and will become CEO / President in June of 2016.
“Dan has a strong history with SCE FCU with a proven record of delivering strong operating results. The Board sees Dan as a great fit to continue SCE FCU’s tradition of focusing on member financial needs and active community engagement and participation. We are delighted to announce Dan’s selection and look forward to a strong partnership for many years to come,” said Mary Steudle, Board Chair.
"SCE FCU is a great credit union and I’m proud to become President of an organization that is dedicated to making a difference to the members and the communities it serves. I am excited for the opportunity to lead an excellent team and an organization that works closely with members to support their dreams and achieve financial independence,” said Dan Rader.
Dennis Huber, who has lead SCE FCU for over twenty five years, announced his planned retirement to the Board two years ago. “Dennis’ commitment to the Credit Union continues even as he plans for retirement,” Steudle continued. “The advance notice he provided to the Board gave us the opportunity to work together as we shifted the organization, ensuring the smooth transition of a long-term CEO. We are grateful to Dennis for his leadership, vision, and stewardship of SCE FCU.”
“It’s truly been an honor to serve as CEO of SCE Federal Credit Union. The credit union has an excellent Board of Directors and their dedication during the leadership transition is just another example of the importance of volunteers. I want to thank them for their commitment and thank the entire team for their continued belief in changing members’ life. I’m excited about the future and look forward to supporting Dan over the next seven months as he prepares to lead SCE FCU into the future. Please join me in congratulating him,” said Huber.
SCE FCU’s mission is to improve lives and build communities by serving people of lesser means, including those that have traditionally been underserved and excluded from accessing mainstream financial products and services.
ABOUT SCE FCU (www.scefcu.org)
SCE Federal Credit Union was founded in 1952 and currently has more than 52,000 members,
$634 million in assets, several Southern California and Southern Nevada branch locations,
thousands of shared branch locations across the United States, and nearly 30,000 surcharge-free ATMs available to members.
SCE FCU serves the Greater Los Angeles and Las Vegas areas, with membership open to individuals and businesses, and is a not-for-profit entity committed to improving the financial well-being of the communities it serves – especially people underserved by mainstream financial institutions. With a strong commitment to volunteerism, employees donate hundreds of hours to local community causes each year. Additionally, the creation of the Center for Financial Empowerment, formerly the SCE FCU Foundation, provides much-needed financial education to the underserved and high schools in Las Vegas, Nevada and in Duarte, Baldwin Park, Boyle Heights, Ontario, and Lynwood, Calif.
Contact information: PCG – Kyle Reuter (424) 903-3657 (firstname.lastname@example.org)