Stanford FCU Selects Joan Opp As It’s New President/CEO

PALO ALTO, CA – Stanford Federal Credit Union announces today it has selected credit union industry veteran Joan Opp as its new President and Chief Executive Officer. Opp will assume the post on May 14, 2010. Incumbent John R. Davis is retiring after 14 years with Stanford FCU, during which period the credit union grew from $160 million to over $1 billion in assets.

Ms. Opp brings 15 years of executive level management and accounting experience to Stanford FCU. Since 2002, she has served as Executive Vice President/CFO at Texas Trust Credit Union (TTCU), overseeing accounting, information technology, marketing and business services, as well as three Credit Union Service Organizations (CUSOs), specializing in insurance services, investment services and software development. She chaired TTCU’s Customer Relationship Management, Compliance and ALCO committees, and served as past Chairman of the American Institute of Certified Public Accountants (AICPA) Credit Union Conferences Committee, where she continues to serve as a committee member. Opp is a member of the AICPA, CUNA, CUES and the CUES CFO Council. Prior to joining the executive team at TTCU, Opp was a partner with the CPA Firm of Clifton Gunderson, LLP, where she provided auditing and consulting services to credit union’s ranging from $2 million to over $2 billion in assets. Opp graduated Summa Cum Laude from the University of Maryland with a BS, Business Administration (Accounting) degree. In 2009, she achieved the Certified Chief Executive (CCE) designation after graduating from the CUES CEO Institute and is one of the inaugural recipients of the CUES Rising 100 Award. She is married and has two daughters.

Stanford FCU is a $1.1 billion, full-service financial institution, owned and operated by 47,000 members of the Stanford Community. Established in 1959, Stanford FCU serves the employees and students of Stanford University, Stanford Hospital, Lucile Packard Children’s Hospital, Stanford Linear Accelerator Center and members of the Palo Alto community.