Summary
Overview
Work History
Education
Skills
Websites
Leadership And Community Engagement
Certification
References
Timeline
Generic

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, AZ
08-2003

Bachelor of Science - Finance

University of Arizona
Tucson, AZ
05-2002

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
David Loftus