Hanscom Federal Credit Union Appoints Sam Saad as Chief Credit Officer

LITTLETON, MA (March 30, 2023) — Hanscom Federal Credit Union proudly announces the appointment of Sam Saad as its Chief Credit Officer.

With over two decades of experience in credit and portfolio management, Saad will lead his team at the $1.9 billion credit union in creating and upholding an effective credit strategy. He brings extensive knowledge of credit union and banking operations, plus has a proven track record of managing diverse debt solutions for commercial banking companies.

In his new role, Saad will be responsible for developing and implementing strategies to reduce earnings volatility through the establishment and enforcement of all credit policies. He is also tasked with improving asset quality by proactively directing the organization’s credit culture and practices as it fulfills its mission to be the trusted advisor that people turn to for unbiased financial guidance. Reporting to Saad is the organization’s Loan Operations team, which handles all consumer, auto, and residential loan operations, servicing, and underwriting.

"We’re delighted to welcome Sam to our executive team," said Peter Rice, Hanscom FCU’s President and Chief Executive Officer. "He brings invaluable insight into our operations, along with a breadth of knowledge that we’re confident will help us further excel in providing superior service for our members. Furthermore, Sam exemplifies our five values in everything he does, from his daily interactions with members and colleagues to his decision-making process. He consistently acts with fairness and honesty, ensuring that all members are treated with empathy and respect."

Saad has held various roles at Workers Credit Union, Berkshire Bank and other leading financial institutions throughout his career. Most recently he served as Senior Vice President Commercial Banking Portfolio Management at Workers Credit Union where he was responsible for risk strategy as well as underwriting and management of diverse debt solutions for commercial banking companies.

At Hanscom FCU, Saad is eager to use his expertise to anticipate shifts in market conditions while adhering to industry standards like those outlined by the National Credit Union Administration. "I’m excited to join Hanscom," he said. "My number one priority is creating a strong foundation upon which our team can shape an effective credit policy that supports our purpose."

Photo credit: Sam Saad, Chief Credit Officer, Hanscom Federal Credit Union