FARMINGTON, Mich.–LOC Federal Credit Union has named a new president and CEO. The $226-million CU has selected Stephen Groch to lead the organization effective in February of 2020.
Groch will succeed interim CEO Kari Ciaramitaro, who has been serving in that role following the retirement of former CEO James Dickinson. Ciaramitaro will return to her position as EVP/chief financial officer beginning in February.
LOC FCU has approximately 24,800 members.