The $2.9 billion San Antonio Federal Credit Union has named Eric Malagamba as its new chief financial officer.

Malagamba comes to SACU from Frito-Lay North America in Plano, Texas, where he was national accounts emerging and convenience finance director for the PepsiCo division.

“He is a skilled leader and manager who cares deeply about the dignity of others. He is someone in whom we can entrust our people; he will be a strong team member and partner for our business managers. These qualities, coupled with his truly global experiences, give Eric the ability to bring unique perspectives to SACU,” said CEO Steve Hennigan.

Malagamba has an MBA from Autonoma De Madrid University in Madrid, Spain, and a B.S. Actuary (Applied Mathematics) from Anahuac University in Mexico City, Mexico, SACU said, and also has held international assignments with PepsiCo and Procter & Gamble during his 30 years in financial management.

He succeeds Mark Dwyer in the CFO post. Dwyer is now the big Texas credit union's general manager of indirect lending.

SACU now has about 248,600 members with 16 locations in San Antonio and one in Houston.