David Loftus
Phoenix
Summary
Strategic financial executive with over 20 years of experience in banking, focusing on financial operations, risk management, and revenue generation. Demonstrated expertise in asset/liability management and long-term financial planning, resulting in significant performance improvements. Proven track record in guiding strategic planning and achieving both financial and non-financial objectives. Skilled in balancing risk with sustainable growth to enhance profitability.
Overview
20
20
years of professional experience
1
1
Certification
Work History
Chief Financial Officer
Commonwealth Central Credit Union
San Jose
06.2022 - Current
- Lead all aspects of financial strategy, budgeting, forecasting, and reporting for a $650M credit union.
- Provide executive oversight of capital planning, liquidity management, compliance/audit and asset/liability management.
- Advise the CEO and Board of Directors on strategic growth initiatives, revenue strategies, and risk mitigation.
- Through balance sheet management and record earnings, helped increase the net worth ratio from 8% to 13% in three years.
- Oversaw the highest level of net income (ROA/ROE) in the credit unions 65 year history.
Vice President
C. Myers Corporation
Tempe
10.2005 - 06.2022
- Directed financial modeling and budget analysis for multi-billion-dollar credit unions nationwide.
- Partnered with CFOs and CEOs to align financial performance with long-term strategic goals.
- Presented complex financial analysis to boards, balancing risk appetite with profitability targets.
- Facilitated strategic planning sessions, enabling clients to successfully navigate industry disruption.
- Mentored financial leaders, strengthening organizational capacity and decision-making.
Education
Master of Science - Business Administration
University of Arizona
Tucson, AZ08-2003
Bachelor of Science - Finance
University of Arizona
Tucson, AZ05-2002
Skills
- Strategic financial planning
- Risk management
- Budgeting and forecasting
- Financial reporting
- Profitability analysis
- Interest rate risk analysis
- Investment portfolio strategies
- Executive leadership and strategy development
- Board reporting and communication
- Liquidity management
- Operational efficiency and process improvement
- Regulatory compliance
- Team and leadership development
Leadership And Community Engagement
- Mentor to emerging finance leaders and credit union executives.
- Active volunteer at multiple organizations in Phoenix, AZ
Certification
- Chartered Financial Analyst (CFA), 2012
References
References available upon request.
Timeline
Chief Financial Officer
Commonwealth Central Credit Union
06.2022 - Current
Vice President
C. Myers Corporation
10.2005 - 06.2022
Master of Science - Business Administration
University of Arizona
Bachelor of Science - Finance
University of Arizona