First Tech Federal Credit Union Appoints Jeff Prelle to Chief Risk Officer

Rhea-AI Summary

First Tech Federal Credit Union appoints Jeff Prelle as Chief Risk Officer (CRO) to oversee enterprise risk management and lead risk measurement and reporting. Prelle brings over 20 years of leadership experience in mitigating organizational risk and establishing sustainable enterprise operations. He will be responsible for credit risk management, cyber and IT risk management, and second line of defense operations.

Recognized leader to accelerate First Tech's enterprise risk management function for continued growth and exceptional member experiences    

SAN JOSE, Calif. and HILLSBORO, Ore. , Nov. 1, 2023 /PRNewswire/ -- First Tech Federal Credit Union, the nation's ninth-largest credit union, announced the appointment of Jeff Prelle to Chief Risk Officer (CRO), a new role where he will oversee enterprise risk management and lead measuring and reporting risk management for the credit union. Prelle will report directly to the First Tech Board of Directors and President and CEO Greg Mitchell.  

Prelle joins First Tech with over 20 years of leadership experience mitigating organizational risk, managing data governance and privacy functions, and establishing sustainable enterprise operations for several financial institutions, private equity companies, and risk management firms, including Moody's Analytics. Most recently, Prelle served as the EVP of Enterprise Risk at Cadence Bank (NYSE: CADE), where he oversaw enterprise risk, operational risk, model risk, and third-party risk, as well as environmental, social, and governance operations.

As CRO, Prelle is charged with leading key parts of First Tech's credit risk management function, cyber and IT risk management divisions, and second line of defense operations. Specifically, he will utilize his expertise in navigating regulatory and accounting compliance to serve as the primary executive responsible for assessing and addressing risk management, supporting enterprise growth and service to its members and employees.

"We are excited to welcome Jeff to the First Tech community," said First Tech President and CEO Greg Mitchell. "Jeff's guidance and expertise in enterprise risk management will be instrumental in advancing the safety and security of our members and employees, ensuring First Tech's long-term relevancy and viability."

"I'm honored to join First Tech and be another driving force for the organization's member-first philosophy. With ever-evolving market conditions, we must continue prioritizing the credit union's safety and soundness, and I look forward to implementing effective risk management practices that drive continued growth and an exceptional member experience," said Prelle.

ABOUT FIRST TECH FEDERAL CREDIT UNION   
First Tech Federal Credit Union is the banking partner for tech innovators. As the largest national credit union founded by and for the people of tech, First Tech understands the unique financial needs of their community and tailors services and solutions for them, including in-person banking, online and mobile banking, mortgages, loans, an investment division and more. Because First Tech is member-owned, it puts people over profits, with competitive rates and lower fees that provide members with the roadmap they need for future financial success. Founded more than 70 years ago, First Tech has over $17 billion in assets and serves employees of cutting-edge companies like Microsoft, Intel, Cisco, Amazon, Nike and Google through its dozens of branch locations and more than 5,600 Co-Op Shared Branch locations across the U.S. First Tech is federally insured by the NCUA and is an Equal Housing Lender. For more information, visit www.firsttechfed.com. 

CONTACT
Carey Kerns
The Hoffman Agency
503-754-7975
firsttech@hoffman.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/first-tech-federal-credit-union-appoints-jeff-prelle-to-chief-risk-officer-301973739.html

SOURCE First Tech Federal Credit Union

FAQ

Who has been appointed as Chief Risk Officer (CRO) at First Tech Federal Credit Union?

Jeff Prelle has been appointed as Chief Risk Officer (CRO) at First Tech Federal Credit Union.

What will Jeff Prelle oversee in his new role?

Jeff Prelle will oversee enterprise risk management, credit risk management, cyber and IT risk management, and second line of defense operations.

What is Jeff Prelle's background and experience?

Jeff Prelle has over 20 years of leadership experience in mitigating organizational risk, managing data governance and privacy functions, and establishing sustainable enterprise operations. He has worked in financial institutions, private equity companies, and risk management firms, including Moody's Analytics and Cadence Bank.

Who will Jeff Prelle report to?

Jeff Prelle will report directly to the First Tech Board of Directors and President and CEO Greg Mitchell.

What is the goal of Jeff Prelle's role as CRO?

The goal of Jeff Prelle's role as CRO is to assess and address risk management, support enterprise growth, and ensure the safety and security of First Tech's members and employees.