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Mag Wangsuwana Has Joined SLFCU as CFO

5/28/2024

Mag WangsuwanaMag Wangsuwana has joined SLFCU as Chief Financial Officer (CFO) after previously serving as interim CFO. With more than 25 years of extensive financial expertise and leadership, Wangsuwana is well-prepared to accelerate SLFCU's growth and evolution to support the organization’s purpose of redefining the cooperative spirit in financial services.

“Mag is a growth-centric leader who shares our values of putting our members first and always striving to be better, every day. SLFCU has a strong financial foundation, and I’m excited to have Mag as part of our executive team,” said Steph Sherrodd, SLFCU President and CEO.

As CFO, Mag manages SLFCU’s strong $4 billion balance sheet. He and his team guide strategic investments focused on transforming the experience of our members and expanding SLFCU’s presence in the Southwest – key elements of the Credit Union’s long-term strategy to act as the economic engine of the Southwest. 

Wangsuwana oversees all finance and accounting operations, including budgeting, forecasting, and planning; he is also instrumental in supporting SLFCU’s 140,000 members and broad product portfolio. Mag brings a strong background in team leadership and a proven track record of building high-performing finance organizations. 

“I’m proud to be part of a credit union that cares so deeply about its members and is willing to put in the hard work required to evolve into an economic engine for the southwest,” said Mag Wangsuwana. “I’m focused on drawing from my deep breadth of experience to help SLFCU achieve Vision 2035.”

Before joining SLFCU, Wangsuwana served as CFO for CalPrivateBank. Previously, he was CFO and Treasurer for a community-based commercial bank in Los Angeles County that serves consumers, small-to-medium-sized businesses, and private banking clients. In addition, he was a long-term director for MUFG Union Bank. Wangsuwana started his career in financial services as an investment banker at Merrill Lynch and Lehman Brothers. Mag graduated from the Haas School of Business at the University of California, Berkeley, and has completed graduate-level banking courses at the University of Washington.



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