KENSINGTON, MD November 30, 2022- Signal Financial Federal Credit Union is pleased to announce the appointment of Alec Patrick, as Chief Operations Officer (COO). Patrick is responsible for commercial and consumer lending, member service, branch network, information technology and overall business operations. As a senior member of the executive team, Patrick reports directly to CEO Francois Verleysen. Previously Mr. Patrick served as Vice President of IT and eServices at Signal Financial Federal Credit Union.
Mr. Patrick has over 15 years of experience in information technology and financial services. He worked in various information technology roles across multiple financial institutions. He became an expert in online banking, NCUA regulations, server & network infrastructure, cybersecurity, cryptocurrency, and core systems.
I am very excited for the opportunity to grow and take on challenges beyond just online banking and IT. The culture is great, and it is amazing to be able to learn from such a diverse group. I am looking forward to what is to come at Signal Financial Federal Credit Union.– Alec Patrick
Mr. Patrick holds his MBA from Penn State University and BS degree in Information Systems from University of Phoenix.
About Signal Financial Federal Credit Union
Chartered in 1947 (as the Washington Telephone Federal Credit Union) by a group of telephone company workers, Signal Financial FCU was formed to help people seeking a better financial alternative and to improve the quality of their financial lives, which remains true to this day. Signal Financial is owned and operated by members who share a common bond through employer or geographic affiliation and governed by volunteers who are elected by members to serve on the board. We strive to provide quality and fairly priced financial services for our membership. In turn, profits are returned back to members in the form of better rates, reduced fees and improved services.
In 2007, the Washington Telephone Federal Credit Union officially became Signal Financial FCU to be more inclusive of the many diverse businesses in our field of membership, in addition to our founding telephone company group. Signal Financial FCU has grown to more than $400 million in assets serving more than 24,000 members. Our credit union also encompasses 250+ small-to medium-sized companies, members of the Washington Area Bicyclist Association (WABA), as well as individuals who live, work, worship or attend school in the Washington, DC or Prince George’s County, Md. (inside the beltway). Select employer groups are also eligible to join the credit union.
Like all federal credit unions, Signal Financial is closely regulated by the National Credit Union Administration (NCUA), with deposits insured by the National Credit Union Share Insurance Fund (NCUSIF) up to $250,000.