SACU names Eric Malagamba as Chief Financial Officer

SACU announced this week that Eric Malagamba has joined its executive team as chief financial officer.  He will oversee the credit union’s financial operations.

MALAGAMBA, ERIC 5X7 3-2013Malagamba brings about 30 years of financial experience to his position, serving in a variety of international assignments with multinational companies including PepsiCo and Proctor and Gamble. He most recently served as National Accounts Emerging and Convenience Finance Director for Frito-Lay North America, a division of PepsiCo, located in Plano, Texas.

His education background includes an MBA from Autonoma De Madrid University (IADE) in Madrid, Spain, and a B.S. Actuary (Applied Mathematics) from Anahuac University in Mexico City, Mexico.

“We believe Eric will be an excellent fit for the demands of this role,” SACU CEO Steve Hennigan said. “He is a skilled leader and manager who cares deeply about the dignity of others. He is someone in whom we can entrust our people; he will be a strong team member and partner for our business managers. These qualities, coupled with his truly global experiences, give Eric the ability to bring unique perspectives to SACU.”

SACU is a $2.9 billion credit union, with 16 locations in San Antonio and one in Houston. The credit union provides outstanding service at every touch point and convenience through GOTM, the mobile app from SACU, numerous online services and a network of ATMs in greater San Antonio. It provides benefits to members through competitive yields on savings, lower loan rates, and reasonably priced financial services. There are hundreds of ways to qualify for membership at SACU. Visit, or call 210-258-1234 or 1-800-688-SACU (7228) for information.