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2017-02-15T00:00:00.000Z

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Wrong Erick Orellana?

Mr. Erick R. Orellana

President and Chief Executive Officer

Comunidad Latina Federal Credit Union

Direct Phone: (714) ***-****       

Email: e***@***.org

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Comunidad Latina Federal Credit Union

1317 W. Warner Ave.

Santa Ana, California 92704

United States

Company Description

Comunidad Latina Federal Credit Union provides the Latino community access to quality financial services. Located in the city of Santa Ana and we are here to help our Members with all of their financial needs, including: Savings Accounts Checking Accoun ... more

Find other employees at this company (1)

Background Information

Employment History

Deputy Commissioner

California Department of Public Health

Deputy Commissioner of the California Department of Business Oversight, Division of Credit Unions

State of California

Deputy Commissioner of the Division of Credit Unions

California Department of Business Oversight

President

Western CUNA Management School

Deputy Commissioner Credit Union Division

State of California, Department of Business Oversight (DBO)

Chief Executive Officer

Nikkei America Holdings , Inc

Chief Executive Officer

Southern California Postal Credit Union

Vice President and Office Manager

LBS Financial Credit Union

Branch Manager

San Mateo Credit Union

Branch Manager

ARCO Federal Credit Union

Web References (29 Total References)


Erick Orellana, the ...

thefinancialbrand.com [cached]

Erick Orellana, the President and CEO of the Comunidad Latina FCU, says his credit union has opened its doors to immigrants who have been issued an Individual Tax Identification Number (ITIN) by the IRS. An ITIN enables immigrants without green cards and Social Security numbers to pay taxes, and is generally accepted by banks and credit unions if an individual wants to open a checking or savings account.

Low-Interest Alternatives to Payday Loans
Orellana says that most institutions aren't likely to accept ITINs for loans or credit cards. As some CFOs might argue, the financial risk increases if the borrower's immigration status is uncertain.
Comunidad Latina FCU is different, however. Orellana says his credit union does indeed accept ITIN documentation from its members for securing loans, which accounts for the majority of both its personal and auto lending activity. The largest percentage of Comunidad Latina FCU's lending portfolio is for auto loans, which he said are based on the borrower's FICO score. Rates are competitive with other credit unions.
"We treat members the same as any other credit union regardless of their status," said Orellana. He's proud to point out that the losses of his loan portfolio are 0.19% - considerably lower than comparably sized financial institutions which averaged a rate of 0.43% in March 2015.
...
According to Orellana, Comunidad Latina FCU's new loan product emulates the ease and simplicity of a payday loan without the exorbitant interest and the possibility of even greater financial burden if the loan is not repaid on time.
"We know our members and we feel confident that they will honor their repayment obligation," said Orellana.


Erick Orellana to Resign ...

www.cutimes.com [cached]

Erick Orellana to Resign from Calif. Regulator Post

...
Erick Orellana will resign Sept. 30 as deputy commissioner of the California Department of Business Oversight's Division of Credit Unions, the agency said.
He served as deputy commissioner since January 2014.
The CDBO confirmed Orellana's departure and characterized it as a "personal, professional decision."
"The Department wishes Mr. Orellana well as he pursues new opportunities, and he will be missed," the Department wrote in a statement about his departure.
Prior to joining the department, Orellana served more than eight years as president/CEO of the $72 million Nikkei Credit Union, in Gardena, Calif., which was founded in 1952 to serve the financial needs of Japanese Americans.
He also served for more than four years as president/CEO of the former Southern California Postal Credit Union.
...
Erick Orellana to Resign from Calif. Regulator Post


Erick Orellana will resign ...

www.cutimes.com [cached]

Erick Orellana will resign Sept. 30 as deputy commissioner of the California Department of Business Oversight's Division of Credit Unions, the agency said.

He served as deputy commissioner since January 2014.
The CDBO confirmed Orellana's departure and characterized it as a "personal, professional decision."
"The Department wishes Mr. Orellana well as he pursues new opportunities, and he will be missed," the Department wrote in a statement about his departure.
Prior to joining the department, Orellana served more than eight years as president/CEO of the $72 million Nikkei Credit Union, in Gardena, Calif., which was founded in 1952 to serve the financial needs of Japanese Americans.
He also served for more than four years as president/CEO of the former Southern California Postal Credit Union.


NASCUS State Regulators | NASCUS

www.nascus.org [cached]

Erick Orellana Deputy Commissioner, Credit Unions


CEO: Erick ...

www.ccul.org [cached]

CEO: Erick Orellana Gardena, CA 90248-3822

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