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Sunday, May 19, 2024

Leader’s of Influence: Banking – Steve O’Connell

STEVE O’CONNELL
President and Chief Executive Officer
California Credit Union

Steve O’Connell is President and CEO of California Credit Union, a $4.5 billion financial institution headquartered in Glendale. Under his leadership for the past 11 years, the credit union has achieved outstanding financial performance and introduced numerous innovations to achieve significant transformation, growth, and member service enhancements across every area of operations.

Through O’Connell’s guidance, the credit union’s 2022 financial performance was among the highest in the organization’s history, increasing assets by $140 million to a total of $4.5 billion, ending the year with a net worth ratio of 9.66% and realized net income of $24 million. Consumer lending reached all-time highs, including funding a record 11,000 auto loans, with total loan production at nearly $1.2 billion. At the same time, the member experience was improved at every touchpoint and new internal operational efficiencies were implemented to further safeguard member resources.

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