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SCU president elected Chairman of Defense Credit Union Council

  • Published
  • By Scott Credit Union
SCOTT AIR FORCE BASE, Ill. --  Frank Padak, Scott Credit Union President and Chief Executive Officer, has been elected to serve a one-year term as the Chairman of the Defense Credit Union Council.

Mr. Padak has served for two years as the DCUC secretary and for three years as the 1st vice chairman.

As Chairman, he will preside at the DCUC annual business meeting, any special meetings of the active membership, and at meetings of the board of directors. He also will appoint committees, such as the Hall of Honor recognition task force, the resolutions committee and the credentials committee.

Mr. Padak has been with Scott Credit Union since 1994 and was elected president and CEO of SCU in February of 2005. He previously was Vice President of Mortgage Lending and Senior Vice President during his 16 years at SCU.

During his tenure, Padak has guided the credit union from $359 million in assets to more than $650 million assets. The credit union also has grown from 52,000 to more than 78,000 members and has expanded its community field of membership to include 17 area counties.

DCUC represents the interests of credit unions operating on military installations worldwide. By maintaining a close and constant liaison with the Pentagon, the Council supports its member credit unions and the Department of Defense in coordinating policy, procedures, and legislation impacting morale and welfare, financial readiness, and the delivery of quality financial products and services to DoD personnel and their families.

The Defense Credit Union Council is a chartered partner of the Department of Defense Financial Readiness campaign and works with DoD to encourage the wise use of credit and the prudent management of personal and family resources.