Ron Araujo, the chief financial officer for Mission Federal Credit Union, will soon step down to become president of Mission Fed’s service organization.
A credit union service organization (CUSO) allows credit unions to offer a wider variety of products than traditional loans and checking accounts, such as insurance and investment services. Mission Federal Services LLC, which is wholly owned by Mission Fed, partners with Autoland to help members buy cars, among other offerings.
Araujo joined Mission Federal in 2007 and will leave his CFO post once the credit union names a successor.
“With Ron’s guidance and the CUSO’s available capital, there are numerous opportunities for the CUSO to provide additional products and services to both Mission Fed members and the members of other credit unions,” CEO Debra Schwartz said.