MEDFORD, N.Y.—The $1-billion Suffolk FCU has named Ralph Spencer, Jr. as its new president and CEO.
Spencer previously served as the credit union’s EVP and COO. He has also served as Suffolk Federal’s chief lending officer. Overall, he has more than 37 years of lending and retail banking experience.
“The board of directors is extremely confident in Ralph’s expertise and ability to lead the credit union,” James J. Maggio, Jr., chairman of the board of directors, in a statement. “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.