Mag Wangsuwana has joined Sandia Laboratory Federal Credit Union as Chief Financial Officer
ALBUQUERQUE, NM (May 24, 2024) — Mag Wangsuwana has joined Sandia Laboratory Federal Credit Union (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, Wangsuwana manages SLFCU’s strong $4 billion balance sheet. He and his team guide strategic investments focused on transforming the experience of 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. He 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 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. He 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.
About Sandia Laboratory Federal Credit Union (SLFCU)
SLFCU was named by Forbes as a Best-in-State Credit Union for the sixth consecutive year in 2023. With $4 billion in assets, SLFCU serves more than 140,000 members, with 13 branches across New Mexico and California. Formed in 1948 by Sandia National Laboratories employees, SLFCU’s membership field now includes more than 1,400 partner companies in New Mexico and California. Employees of those companies and their family members use SLFCU for financial services, including checking, savings, home mortgages, auto loans, credit and debit cards and investment services. Members enjoy a nationwide, surcharge-free ATM system and free online account services. The Credit Union is federally insured by the National Credit Union Administration (NCUA)and is an Equal Housing Lender.
