#United States #Los Angeles #CEO Appointment #University Credit Union #Richard Wada

University Credit Union Welcomes a New Leadership Era

On December 17, 2025, University Credit Union (UCU), a financial cooperative committed to supporting university communities for over 75 years, announced the appointment of Richard Wada as its new Chief Executive Officer (CEO) and President. This transition signifies a pivotal moment for UCU as it enhances its mission to provide financial advantages to its members in the academic sector.

A Strategic Choice for Leadership

UCU Board Chair, Norma Iadevaia, expressed the board's enthusiasm for Richard Wada's appointment. She emphasized how his expertise aligns perfectly with UCU’s core values focused on member service and community support. Wada’s extensive background in financial services, particularly within the credit union sector, was pivotal for the board’s decision.

Previously, Wada held key positions at Patelco Credit Union, where he managed lending strategies for one of the largest credit unions in the country. His prior experience also includes notable roles at Citibank and American Express, showcasing a robust understanding of personal and commercial banking.

Vision for a New Era

Wada's vision for UCU is centered on fostering innovation and enhancing member experiences. He believes that UCU's strong financial foundation can be utilized to not only sustain but also elevate member engagement through strategic partnerships and advanced financial products. His statement reflects a shared dedication to empowering members, indicating that together, they will harness new opportunities to bolster financial literacy and support.

“Joining University Credit Union is an honor,” stated Wada. “The commitment to empowering members and university communities resonates deeply with me. I am excited to collaborate and build on our strong foundation to ensure every member is equipped with the resources they need to thrive.”

Cutting-Edge Services on the Horizon

Under Wada's leadership, UCU plans to expand its financial wellness programs, aiming to reach a broader demographic within the university community. Investment in digital banking tools is also on the agenda to simplify members' banking experiences. This includes enhancing online services and tools that facilitate easy access to banking resources, tailored specifically for faculty, staff, and students.

As of today, UCU boasts over $1.1 billion in assets and a vibrant member base exceeding 58,000. The cooperative prides itself on returning profits to its members through more favorable loan rates, higher savings returns, and reduced fees. This member-centric model contributes to UCU's strong reputation and aligns seamlessly with Wada's strategic direction.

UCU's Legacy and Future

Having been founded in 1951 by employees of UCLA, UCU has built a legacy of providing exceptional financial services dedicated to the university community. The cooperative’s focus on community engagement and educational opportunities reflects its foundational values. As UCU embarks on this new chapter with Wada at the helm, the commitment to serve its members and adapt to the ever-evolving financial landscape remains stronger than ever.

In summary, Richard Wada’s appointment marks the beginning of an exciting new phase for University Credit Union. With innovative initiatives on the horizon and a strong commitment to member empowerment, UCU stands ready to redefine financial services for its university community, ensuring that all members enjoy the confidence and support they need to succeed financially.