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Wednesday, Jun 7, 2023

New CEO at Los Angeles Federal Credit Union

Richard Lie is the new president and chief executive of Los Angeles Federal Credit Union, the organization’s board announced Monday. Lie’s promotion became effective Feb. 5. Previously, he served as chief financial officer at Glendale-based LAFCU for 23 years. Los Angeles Federal Credit Union ranked seventh in the Business Journal’s list of largest credit unions with assets of $901 million. “I look forward to continuing to work with the board of directors in my new capacity,” Lie said in a statement. “Our goals are to continue to be our members’ financial source for life and to maintain and build on our strong financial position.” LAFCU has about 61,000 members, according to the organization.

Joel Russel
Joel Russel
Joel Russell joined the Los Angeles Business Journal in 2006 as a reporter. He transferred to sister publication San Fernando Valley Business Journal in 2012 as managing editor. Since he assumed the position of editor in 2015, the Business Journal has been recognized four times as the best small-circulation tabloid business publication in the country by the Alliance of Area Business Publishers. Previously, he worked as senior editor at Hispanic Business magazine and editor of Business Mexico.

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