Erick Orellana Email & Phone Number

California, United States

Orange County, California Area

Greater Los Angeles Area

Led a team of fifty-five professionals in the DBO’s Credit Union Division through a reorganization to maximize efficiency including the establishment of performance benchmarks. Authored legislation to modernize credit union laws, including changes to credit union governance. Represented the State of California at multiple events including: the California Credit Union League Government Relations Conference, Southern California Credit Union Alliance, and the Shapiro Summit. Implemented a new process for low-income certification for state chartered credit unions, improving access for underserved members.

Greater Los Angeles Area

Guided the credit union through the Great Recession by effectively managing all aspects of the credit union’s activities while ensuring fiscal solvency and financial stability consistent with the best interests of the members, employees, and credit union volunteers. Organized, managed, and executed the credit union’s core data system conversion working effectively with vendors, staff, management, and members to ensure a smooth and well-communicated transition. In 2004, as the newly hired CEO of Nikkei CU, reduced the staff turnover rate from 200% to 20% in less than twelve months. Managed a $35 million investment portfolio. In 2009-2010 invested in the Credit Union System Investment Program (CU SIP) resulting in $50,000 risk-free income and contributed to an increase in the credit union’s ROA. Represented the credit union at community and religions organizations including: The Japanese American National Museum, Go For Broke Foundation, Japanese American Community Cultural Center, Venice Japanese Community Center, Little Tokyo Service Center, West Los Angeles Buddhist Temple, the Gardena Buddhist Church, and the Gardena Valley Baptist Church. Coordinated a Relief for Japan fundraiser in the Gardena community, donating all proceeds to Japanese earthquake and tsunami victims.

Greater Los Angeles Area

Expanded the credit union’s field of membership from postal workers in Long Beach to include postal workers in four Southern California counties. Changed the credit union name, logo, branding, marketing materials, online presence, and delivery channels to reflect and service the new market. Improved CAMEL ratings by two within the first 18 months and achieved the best CAMEL rating possible in the subsequent 18 months while earning an ROA in excess of 1.12%; reversed a negative trend of asset growth from -2.30% in 1999 and -1.20% in 2000 to 5.56% in 2001, 15.66% in 2002, and 6.80% in 2003. During 2003, achieved 59.39% loan growth while reducing delinquencies from 1.65% to 0.82% with a charge off ratio of 0.22% and effectively managed a large investment portfolio outperforming peer by 6.63% (21 basis points) while maintaining an average maturity of less than two years. Introduced the first payday loan alternative in a California credit union, with significantly lower rates than competitive products.

Greater Los Angeles Area

Assisted credit unions with compliance matters involving all aspects of credit union operations.Reviewed individual credit union procedures, determined appropriate compliance solutions, and created member-facing disclosures. Authored Technical Information Procedures (TIPs) bulletins to explain how changes in laws and regulations affect both federally chartered and state chartered credit unions.

Greater Los Angeles Area

Planned, developed, and structured credit union operations and training goals that tied in to business objectives and the credit union’s strategic plan.

Greater Los Angeles Area

Assisted credit unions with compliance matters involving all aspects of credit union operations.Reviewed individual credit union procedures, determined appropriate compliance solutions, and created member-facing disclosures. Authored Technical Information Procedures (TIPs) bulletins to explain how changes in laws and regulations affect both federally chartered and state chartered credit unions.

South San Francisco

Planned, developed, and structured credit union operations and training goals that tied in to business objectives and the credit union’s strategic plan.

Greater Los Angeles Area

Planned, developed, and structured credit union operations, training, goals, new products, and new services that tied in to business objectives and the credit union’s strategic plan.

Education record

Credit Union Executives Society Ceo Institute, Emphasis In Strategic Planning