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Bay Federal Credit Union Announces Promotion of Megan Rhodes to VP/Chief Lending Officer

Megan Rhodes

Capitola, CA – September 12, 2018 – Bay Federal Credit Union has announced the promotion of Megan Rhodes to Vice President/Chief Lending Officer following a decade of demonstrating strong leadership of Mortgage and Consumer Lending production and operations at the Credit Union.

With Ms. Rhodes’s promotion comes more responsibility in strategic planning for all areas of lending. Her primary goals include designing a business lending program for the Credit Union and deepening relationships with existing members by identifying their needs and developing loan products to meet those needs.

“In the financial world, Bay Federal stands apart,” Ms. Rhodes said. “Not only do we have strong leadership and dedicated employees, but everyone who works here truly cares about the people in our community and wants to help them be successful in their financial lives. I’m honored to be a part of this Credit Union each day.”

Ms. Rhodes joined Bay Federal in 2008 with two decades of mortgage lending experience under her belt. Her impact at the Credit Union has been far-reaching, from record growth to helping members one-on-one. Under her leadership, new technologies have been implemented to streamline processes and funding operations are now entirely electronic. During the recession, Ms. Rhodes was instrumental in developing loan preservation programs that allowed members to keep their homes and vehicles. These programs are still in use today.


Ms. Rhodes serves on the Board of Directors of Habitat for Humanity Monterey Bay, and she is passionate about affordable housing in Santa Cruz and Monterey counties. Ms. Rhodes, a San Jose State alumna with a degree in Liberal Studies, lives in Hollister and has seven grandchildren.

About Bay Federal Credit Union

Bay Federal is a full-service, not-for-profit financial institution that serves more than 71,000 members and 1,200 local businesses throughout Santa Cruz, San Benito, and Monterey counties. With more than $977 million in assets, Bay Federal Credit Union is the largest member-owned financial institution in Santa Cruz County, serving its members and the community since 1957. Since 2002, 100% of all employees have given their own money and volunteered for numerous local schools, nonprofit organizations, and community events.

Contact: Amy Ivey, VP Marketing and Development
Bay Federal Credit Union

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