SchoolsFirst FCU Promotes Michael Faulwell to Chief Financial Officer | news

TUSTIN, Calif.–(BUSINESS WIRE)–Dec. August 2022–

SchoolsFirst Federal Credit Union, the largest credit union in California, announces the promotion of Michael Faulwell to Chief Financial Officer. Mr. Faulwell assumed the position on August 2, 2022 and brings nearly 30 years of credit union, finance, accounting, investment and mergers experience.

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Michael Faulwell, Chief Financial Officer, SchoolsFirst FCU (Photo: Business Wire)

As Chief Financial Officer, Faulwell plays a significant role in leading the organizational strategy, identifying opportunities to improve performance and add value to members, and is responsible for the credit union’s financial policy and planning. He oversees five departments including accounting, treasury/credit union investments, financial planning and budget, loan participation and facility services.

“I am pleased to welcome Michael to SchoolsFirst FCU’s Senior Executive Team,” said Bill Cheney, Chief Executive Officer. “Michael’s experience and exceptional judgment benefits our 1.2 million members and our team. His financial expertise, commitment to the Credit Union and leadership vision make him a valuable contributor to the advancement of our organization.”

Faulwell has been with Credit Union since 1993, beginning as a departmental assistant in finance, then as vice president and senior vice president of finance. In addition to his responsibilities at SchoolsFirst FCU, Faulwell has served on the Comunidad Latina Federal Credit Union (CLFCU) Finance Committee since 2006.

“I’m honored to transition into this new leadership role,” said Faulwell. “My focus will remain on providing maximum value to our members by managing a strong financial position for the member-owned cooperative. I am dedicated to our mission to serve school employees and their families. I look forward to leading ongoing investments in financial technology, innovative solutions to member banks’ needs and expanded access to money management tools. It is my personal commitment to help our members and team members succeed.”

Faulwell earned a Bachelor of Arts in Economics from Miami of Ohio University. He lives in Tustin with his wife, Tami, and enjoys traveling with his family and volunteering in his community.

For more information about SchoolsFirst Federal Credit Union, visit

For more information about the Federal Credit Union of the Comunidad Latina, visit

About SchoolsFirst Federal Credit Union

SchoolsFirst FCU is the fifth largest credit union in the country. The organization serves school employees and their families and is committed to providing superior personal service and improving the financial lives of its members. Today they serve more than 1.2 million members with a full range of financial products and services – from savings and loans to investment, retirement and insurance products. SchoolsFirst FCU was founded in 1934 when 126 school employees pooled $1,200 and formed a member-owned cooperative to improve the lives of others. As of 2022, the credit union reported nearly $29 billion in assets and remains the largest credit union in California.For more information about SchoolsFirst Federal Credit Union,

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SOURCE: SchoolsFirst Federal Credit Union

Copyright Business Wire 2022.

PUB: 8/31/2022 6:00 PM / DISC: 8/31/2022 6:02 PM

Copyright Business Wire 2022.

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