COVENTRY, R.I.–Ocean State Credit Union has named a new president and CEO.
The $339-million Ocean State has selected Michael Garvey to lead the organization and succeed David Root, who has retired after 13 years as CEO.
Garvey is retired from the public accounting firm of Garvey, Steele & Bancroft, LLP, in Mystic, Conn. where he served as the managing partner for the past seven years. The firm provides auditing and consulting services to credit unions.
In addition, Garvey served on the board of a publicly traded bank in Connecticut for approximately 15 years, chairing the audit and risk committee and serving on numerous other committees during his tenure there.
‘Honored’ by Selection
“I am honored to have been selected as the chief executive officer of Ocean State Credit Union and am excited to be working with the employees, board of directors, and committee members of the credit union. I look forward to leading its future growth,” said Garvey in a statement. “Ocean State Credit Union will continue to provide top-notch service to our members and be good corporate citizens in our communities.”
Ocean State has more than 23,000 members.
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