David Torres moves up the ranks as Assistant Vice President of Home Loan Sales.

Capitola, CA – May 29, 2024 – Bay Federal Credit Union announced the promotion of David Torres to Assistant Vice President of Home Loan Sales.

In recent years, Mr. Torres has been instrumental in leading both Bay Federal’s team of local Home Loan Consultants and Bay Federal members through the challenges of the regional housing market. He has steadied the ship from a refinance boom driven by historically low interest rates to a challenging purchase market for first-time buyers. Meanwhile, Mr. Torres has continued to develop new talent at the Credit Union and bring in exciting applications and servicing tools to support borrowers.

As Assistant Vice President of Home Loan Sales, Mr. Torres will continue to lead Bay Federal’s Home Loan Consultants, support our Financial Service Officers and the branch network, and focus on new and innovative ways for members to finance the homes of their dreams.

“I’ve always really enjoyed the satisfaction of assisting our members in achieving their homeownership goals,” Mr. Torres said. “This new role will allow me to leverage even greater opportunities for our members and navigate the market at a much higher level.”

Before joining Bay Federal in 2014, Mr. Torres had many years of experience in mortgage banking. He joined the Credit Union as a Home Loan Consultant before becoming the Home Loans Manager in 2019.

Mr. Torres holds a bachelor’s degree in economics from San Jose State University and serves as a board member for Habitat for Humanity Monterey Bay. He resides in Santa Cruz with his wife and 3 children. When Mr. Torres is not making dreams come true at the Credit Union, Mr. Torres is coaching his children’s sports teams.

About Bay Federal Credit Union

Bay Federal Credit Union is a full-service, not-for-profit financial institution that serves over 86,000 members and 2,400 local businesses throughout Santa Cruz, San Benito, and Monterey counties. With more than $1.6 billion in assets, Bay Federal is the largest member-owned financial institution in the region. The organization has been proudly serving its members and the community since 1957. Bay Federal is a certified Community Development Financial Institution, with a primary mission of promoting community development alongside their financial activities. Bay Federal has an award-winning employee volunteer program in which employees have given their own money and volunteer for numerous local schools, nonprofit organizations, and community events each year.

Contact: Amy Ivey, SVP, Chief Marketing Officer Bay Federal Credit Union 831.477.8409 aivey@bayfed.com