Empty board room.
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SFFCU Chief Lending Officer Ray Shams is serving as acting CEO of the $1.4 billion San Francisco Federal Credit Union following the departure of Jonathan Oliver.
"Last week, the SFFCU board of directors announced the departure of Jonathan Oliver as the credit union's CEO following a unanimous decision by the board to fulfill its fiduciary responsibilities in serving the best interests of the membership," the credit union said on Tuesday in a prepared statement following an inquiry from CU Times on Feb. 15.
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