FOR IMMEDIATE RELEASE Contact: Alyssa Nightingale 631.367.8599
Federal Announces Ralph D. Spencer Jr.
As President & Chief Executive Officer
Suffolk Federal is proud to announce Ralph D. Spencer, Jr. of Coram as its new President & Chief Executive Officer. With more than 37 years of lending and retail banking experience, Spencer provides the leadership and overall direction of operations within the credit union consistent with its vision and mission statements. He additionally works with all support teams to ensure personal service is delivered to the credit union’s membership. Prior to this promotion, Spencer served as the credit union’s Executive Vice President & Chief Operating Office. He has additionally served as Suffolk Federal’s Chief Lending Officer.
“The Board of Directors is extremely confident in Ralph’s expertise and ability to lead the credit union,” said James J. Maggio, Jr., Chairman of the Board of Directors at Suffolk Federal. “He brings a wealth of banking knowledge to Suffolk Federal and we are certain that his extensive experience will help to escalate Suffolk Federal’s products, services and member relationships to the next level. He is an invaluable member of the credit union team and we look forward to our continued future growth under his leadership.”
Spencer earned his Bachelor of Science degree in Business from Friends University in Kansas and graduated from the Graduate School of Banking at University of Wisconsin. He is also a veteran of the United States Air Force.
Suffolk Federal offers all members incredible benefits like free checking, free online banking, low interest rates on home and auto loans and much more, visit www.suffolkfcu.org, call 631.924.8000 or visit any Suffolk Federal branch today.
About Suffolk Federal
Suffolk Federal is a not-for-profit cooperative financial institution chartered in 1967 by the National Credit Union Administration (NCUA), and is owned and operated by its members. The volunteer-directed credit union has assets in excess of $1 billion and more than 55,000 members. Suffolk Federal offers all members incredible benefits like free checking, free online banking, low interest rates on home and auto loans and much more. Membership is open to anyone who lives, works, worships, attends school or regularly conducts business in Suffolk County, NY as well as immediate family members of current membership. To learn more, visit www.suffolkfcu.org, call 631.924.8000 or visit any Suffolk Federal branch today.