Los Angeles Police Federal Credit Union hired John Roemer as its new president and CEO, effective Jan. 23.
Roemer replaces Ed Hada, who is retiring after working as the $1.4 billion-asset LAPFCU’s CEO for the past five years.
Roemer joins Van Nuys-based LAPFCU with more than 35 years of financial institution experience. Most recently, he was executive vice president and chief strategy and communications officer at Logix Federal Credit Union, a $9.2 billion-asset institution in Valencia, California.
Roemer’s leadership skills and knowledge “strengthen our commitment to enhance the quality of life for law enforcement professionals and their families,” said Andre Plummer, LAPFCU’s chairman, in a press release Tuesday.
“John has shown an impressive dedication to member service and organizational growth and stability in his past positions,” Plummer said.
Hada was named CEO in 2018 after he worked as the credit union’s chief financial officer for 10 years.
“Our members are true heroes,” Roemer said in the press release. “They are also people with financial dreams — of homeownership, a better quality of life, secure retirement and more. We are here to provide them with the tools they need to succeed and help them achieve those dreams.”
Los Angeles Police Federal Credit Union earned $5.8 million in the first nine months of 2022, a 17% increase compared with a year earlier, according to call report data from the National Credit Union Administration.