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Doug Wright Named CFO at Mission Federal Credit Union

Mission Federal Credit Union on Monday said it has hired Silvergate Bank’s former CFO to fill the same role at Mission Federal.

Doug Wright, Silvergate’s former CFO and executive vice president, will oversee accounting, finance and facilities as part of the credit union’s senior management team. He is also the former CFO and chief operating officer at Intermountain Community Bancorp in Sandpoint, Idaho.

Wright replaces Ron Araujo, who had been at Mission Federal since 2007. Araujo said in November he was stepping down as CFO in order to lead Mission Federal’s subsidiary service organization. Those organizations allow credit unions to offer more than standard loans and checking accounts, including insurance or investment services.

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