Mike
Floyd Joins Tech CU as Chief Credit Officer and Executive Vice President
30-Year Industry Veteran Tapped to Ensure the Continued Safety and
Soundness of Tech CU’s Loan Portfolio
San
Jose – May 24, 2017 — Tech CU (Technology Credit Union) announced
today that Mike Floyd has joined the company as its new Chief Credit Officer
and Executive Vice President. An industry veteran, Floyd is responsible for
overseeing Tech CU’s lending activities and mitigating risk to its loan
portfolio.
Floyd joins Tech CU with more than 30 years of experience in the
banking industry and a strong background in commercial lending.
“Mike’s hire brings additional strength to our company’s executive
leadership team,” said Todd Harris, CEO of Tech CU. “His knowledge, experience and
excellent reputation with regulatory agencies will enhance our ability to serve
our members and manage credit risk.”
Prior to joining Tech CU, Floyd served as Senior Vice President
and Chief Credit officer at Montecito Bank & Trust, where he implemented
wholesale changes to the bank’s credit risk management framework — ensuring the
bank would remain profitable throughout the economic downturn. In addition, Floyd
also held senior leadership positions at Los Padres Bank and Santa Barbara Bank
and Trust.
“Tech CU has a proven track record of excellence — not only
financially, but in the community as well,” said Floyd. “I’m excited to support
the credit union’s continued growth by effectively managing credit risk.”
Floyd graduated from the University of California San Diego with a
bachelor’s degree in economics. He later graduated from Pacific Coast Banking
School at the University of Washington, where he currently serves on the
faculty as Bank Simulation instructor.
For more information on Tech CU's loans and lines of credit for small businesses,
visit: https://www.techcu.com/Business/.
ABOUT
TECH CU
Tech CU (techcu.com)
is a $2.2 billion credit union serving more than 85,000 members throughout the
San Francisco Bay Area — including employees of such companies as Tesla, eBay,
Applied Materials, Nvidia and Facebook. A federally insured, not-for-profit
organization, we put the financial interests of our members ahead of
shareholder profit by helping members achieve their financial goals on their
terms and by sharing the benefits of our growth. Founded in 1960 by a group of
forward-thinking employees at Fairchild Semiconductor, today we continue to be
an industry leader, providing innovative financial products for all stages of
our members’ lives, including personal banking, wealth management, private
banking, commercial lending and business banking. Tech CU consistently achieves
high marks for its customer satisfaction and maintains a 5-star rating from
Bauer Financial, the nation’s largest independent rating service for financial
institutions. And, with mobile and online banking, 65,000+ surcharge-free ATMs
worldwide (more than Chase, Bank of America and Wells Fargo combined) and
convenient branch access to our financial experts, Tech CU makes 24/7 banking
easy and empowering.
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Contact:
Linden
Kohtz
Public
Relations
(512) 964-3784
[email protected]