Catalyst Names California Credit Union Leader to ALCO

Catalyst Corporate Federal Credit Union announced the addition of Steven Stapp, president and CEO of San Francisco Federal Credit Union, to its Asset Liability Committee (ALCO). Stapp’s appointment—along with the recent appointment of Bill Before, chief financial officer at Spokane Teachers Credit Union (STCU), and Trevor Tokishi of Valley Isle Community Federal Credit Union in Kahului, Hawaii, to Catalyst’s board of directors—gives former members of Western Bridge Corporate representation within Catalyst’s governance structure.

“Steven has a track record of improving financial performance for three different credit unions. His expertise in financial analysis and strategic planning will be an outstanding addition to this committee,” said Rick Hein, chairman of Catalyst’s ALCO and president and CEO of OSU Federal Credit Union in Corvallis, Ore.

Stapp has been at the helm of the $800-million San Francisco Federal since August 2008. Prior to that, he held management positions at Redwood Credit Union, The Golden 1 Credit Union and River City Bank. He began his career at the public accounting firm of KPMG Peat Marwick LLP.

Stapp has a bachelor’s degree in business administration, with a major in accountancy, from California State University and is a Certified Public Accountant.

Along with Hein, Stapp will serve with Catalyst ALCO members Tony Budet of University Federal Credit Union in Austin, Tex.; Syed Dinar of Texas Bay Area Credit Union in Houston, Tex.; and Sonya Jaynes of Red River Employees Federal Credit Union in Texarkana, Tex.

“Catalyst’s business plan outlines a commitment to maintaining volunteer leadership that is demographically representative of its membership at large,” said Kathy Garner, Catalyst’s president and CEO. “Bringing Steven on board aligns well with this objective.”

Catalyst currently has more than 1,230 capital-contributing members, 330 of which are former Western Bridge Corporate members.


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Posted in Around the NW, Federal.