Patelco Names Mani Massoomi as Chief Risk Officer to Fortify Risk Management Framework

Portfolio - People | Mar 18, 2025 | EIN

Patelco Names Mani Massoomi as Chief Risk Officer to Fortify Risk Management Framework

Patelco Credit Union has announced the appointment of Mani Massoomi as Chief Risk Officer, a strategic move aimed at bolstering their risk management framework. Massoomi, bringing a wealth of experience from his previous roles at the Federal Home Loan Bank of San Francisco and SoFi, is set to reinforce Patelco’s risk management capabilities. His responsibilities will include serving as a liaison across various committees such as the Cyber Security, Audit and Risk, and Asset-Liability Committees, while also heading the Credit Risk Committee. CEO Erin Mendez expressed confidence in Massoomi's ability to address emerging risks and capitalize on new opportunities. With $9 billion in assets and half a million members, Patelco's mission remains focused on protecting member interests and enhancing their financial well-being.

Sectors

  • Financial Services
  • Risk Management

Geography

  • United States – Patelco Credit Union is based in Dublin, California, and the new CRO, Mani Massoomi, will operate within the United States.

Industry

  • Financial Services – The article discusses the appointment of a Chief Risk Officer at Patelco Credit Union, a not-for-profit financial institution.
  • Risk Management – The focus is on strengthening Patelco's risk management capabilities, including operational risk, information security, and IT risk management.

Financials

  • $9 billion – Assets managed by Patelco Credit Union, reflecting the scale of the organization.

Participants

NameRoleTypeDescription
Patelco Credit UnionTarget CompanyCompanyA not-for-profit credit union committed to the financial well-being of its members, based in Dublin, CA.
Mani MassoomiChief Risk OfficerPersonNewly appointed CRO with extensive experience in risk management from Federal Home Loan Bank of San Francisco and SoFi.
Erin MendezCEO & PresidentPersonCEO and President of Patelco Credit Union, overseeing the appointment of the new CRO.