Teachers Federal Credit Union expands Leadership Team with addition of Chris Lalan as Chief Legal and Compliance Officer
HAUPPAUGE, NY (January 7, 2021) — Teachers Federal Credit Union, one of the largest credit unions in the United States with $8.3 billion in assets and more than 350,000 members, has announced that Chris Lalanjoins the executive team as Chief Legal and Compliance Officer.
Following a brand repositioning and the reveal of a revamped website, the hiring of Lalan is the latest signal by President and CEO Brad Calhoun that Teachers is preparing for future growth and expansion, leveraging its open charter.
“Chris’ legal background, specialized knowledge of the financial industry and mastery in the cross-functional aspect of compliance bring a tremendous amount of expertise to our organization and members,” said Calhoun. “As we build for the future, I’m confident that Chris’ addition to our team will not only strengthen our infrastructure, but also better position us now and for years to come.”
Lalan brings over fifteen years of knowledge to his new role in guiding the next phase of Teachers Federal Credit Union. Most recently, Lalan served as SVP and Director of the Legal Division and a member of the Senior Management Team for Popular Bank in New York.
In this new role as Chief Legal and Compliance Officer at Teachers, Lalan will be responsible for overseeing the enterprise risk, compliance, privacy and financial crimes teams, in addition to building out the credit union’s in-house legal department and serving as primary legal advisor to the Senior Management team.
“I look forward to leveraging my experience and partnering with Brad and the rest of the team to advance Teachers’ mission to provide the best financial products and member services to everyone and anyone,” said Lalan. “As Teachers continues to grow, our team will maintain a strong and proactive commitment to compliance, privacy, and security as a core component of our corporate culture and value proposition to our members in supporting their financial goals and building a strong foundation for a better tomorrow.”
Lalan received his J.D. from Northwestern University and his bachelor’s degree from Emory University. Currently, he serves on the Board of Directors for the New York City Chapter of the Association of Corporate Counsel and is an Executive Member of the Latino Corporate Directors Association.
About Teachers Federal Credit Union (NY)
Teachers Federal Credit Union (Teachers) is one of the country's largest credit unions, with more than $9.7 billion in assets and more than 460,000 members across all 50 states. Founded in New York in 1952, Teachers is a full-service, not-for-profit financial institution with an open charter offering membership to anyone in the U.S. through its 30 full-service branches and best-in-class digital solutions. Teachers is a key supporter of the communities it serves and is proud to offer a range of member-focused products with competitive rates and low fees. What started as a smart solution for teachers is now smart for all. For more information, visit www.teachersfcu.org.