GARDNER, Mass. —Tina M. Sbrega, president and CEO of the $594-million GFA Federal Credit Union, has announced plans to retire in the Spring of 2021. The credit union has launched a search for a successor.
Sbrega has worked in the financial services industry for more than 45 years and with GFA Federal Credit Union since 1980. Prior to being named CEO in 2009, Sbrega had been president and chief operating officer. During her tenure, Sbrega has overseen an increase in branch locations and a doubling of assets.
The credit union was also the first in the country to purchase a stock-owned bank, which it did in 2012. More recently, GFA was the first financial institution in Massachusetts to provide banking services to the legal, licensed recreation and medicinal cannabis industry. In 2020, Sbrega was nominated for the Cooperative Credit Union Association’s 2020 Award of Excellence and inducted into CCUA’s Hall of Fame.
“I have had such a tremendously rewarding career; it has been such a fulfilling experience to have had the privilege of serving as the leader of such a quality and forward-thinking organization,” said Sbrega in a statement. “I have been so fortunate to have had the support, trust and confidence of the Board over the past 12 years to lead the credit union to what it has become, and I am so very grateful for the support of the management, our Better Banking team and community.”
D. Hilton is handling the search.