Scott Waite, chief financial officer and senior vice president of Patelco Credit Union, will serve on a new advisory board at SaveDaily Inc., a mutual fund platform provider.

The board will assist management with marketing and financial industry best practice strategies, according to SaveDaily in Seal Beach, Calif. The firm, which conducts business through its wholly-owned subsidiary SaveDaily.com Inc., offers investment and record-keeping services to its intermediary partners.

Patelcorp Inc., the investment and insurance subsidiary of the $3.6 billion Patelco CU in Pleasanton, Calif., formed a partnership last year with SaveDaily and InvestDaily, a mutual fund service offered through the credit union.

Waite is also CEO of Patelcorp.

Bart Creedon, principal and health savings account national product director for ACS Mellon, joins Waite on SaveDaily's board.

“Having individuals of this caliber on our advisory board will help guide our market penetration into the financial services industry,” said Gregory Vacca, president of SaveDaily.