BALTIMORE, Md. –Tricia Szurgot, president and CEO of Securityplus FCU, has resigned, with the $579.2-million CU naming an interim leader.
In a statement, Securityplus FCU said Szurgot, who had been named CEO in early 2022, had “led with distinction” and had departed to “pursue a new opportunity within the credit union industry.
Chief Information and Technology Officer Ray K. Ragan has been named the interim CEO.
“Ragan is an expert in strategy and a proven executive leader in the credit union and technology industries, with over 20 years of experience,” the credit union said.
In a its statement Securityplus credited Szurgot for “steering Securityplus to new heights, leaving behind a legacy of innovation, growth, and enhanced member services. Under her visionary leadership, Securityplus Federal Credit Union experienced remarkable growth, success, and transformation.”
‘Unwavering Dedication’
Added Chair Barbara Cuffie, “Tricia’s strong leadership and unwavering dedication have guided us through a period of remarkable transformation, growth, and operational improvement. She leaves behind a solid strategic foundation and a talented team poised for continued success. We wish her all the best as she embarks on this new chapter."
Szurgot issued a statement expressing gratitude for the opportunity to serve as CEO of Securityplus during a time of “great transformation and challenge.”
"Together, we set a strong strategic course and operational foundation for the future, achieved historic milestones, and transformed the organization into a leading community-centric regional financial institution,” Szurgot said. “Ray is an exceptional leader and I’m confident he will continue the great work we started."
‘Extensive Knowledge’
Meanwhile, since joining Securityplus in August 2022, the credit union said Ragan had “partnered closely with Szurgot in developing and executing the strategic roadmap for the future and has become a cornerstone of the organization’s strategic transformation.”
The credit union further stated that Ragan’s extensive knowledge of Securityplus, exceptionally broad professional expertise, coupled with his “human-centric leadership style make him uniquely ready to transition seamlessly into the critical role” of interim CEO.
“Stepping into the role of Interim CEO at Securityplus is both an honor and a profound responsibility. I care a great deal about the membership and this credit union,” said Ragan in a statement. “Together, we will continue to innovate, serve, and strengthen the financial health of our members and communities. Over twenty years in banking, technology and military leadership prepared me well for this role and a seamless transition.”
Career Accomplishments
Ragan is a”
- Graduate of NAFCU Management & Leadership School
- A lieutenant colonel in the Army Reserve, where he serves as a Brigade Deputy Commander
- Holds a master’s degree in administration and several certifications in project management, technology, and banking
- Did advanced study on strategy and risk at Stanford University and the U.S. Army Command and General Staff College
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