FORT WASHINGTON, Penn.–TruMark Financial Credit Union has named a successor for its retiring CEO, Richard F. Stipa, who has led the credit union for the past 21 years. The $2.8-billion Trumark Financial said it has selected Kelly Botti to lead the organization.
Botti has been with TruMark Financial since 2014 and most recently served as EVP/chief risk officer and corporate counsel for the credit union.
“She brings over a decade of experience in banking and senior leadership, most recently focusing on facilitating the credit union’s strategic planning process and plan execution,” the credit union said. “She additionally maintained responsibility for the implementation of TruMark Financial’s enterprise risk management program and the fraud, legal, collections, and compliance areas of the credit union.”
Botti has a Bachelor of Arts in Political Science and a minor in Communications from Loyola University of Maryland, a Juris Doctorate from the Villanova University School of Law, and a Master of Business Administration (MBA) from Saint Joseph’s University. She sits on the National Association of State Credit Union Supervisors Legislative and Regulatory Affairs Committee, as well as the organization’s Inter-State Credit Union Task Force.
“I’m honored and grateful for the opportunity to lead this extraordinary credit union and our truly talented team,” said Botti. “I remain focused on supporting stronger communities by helping our members reach their financial well-being, enabling change and growth, and building great teams that do great things.”
‘It’s Been a Privilege’
Stipa is retiring after working in credit unions for 28 years, having joined TruMark Financial in 2001 as CEO. While leading the organization, he has overseen growth to nearly $2.8-billion in assets from $670 million, and to almost 132,000 members.
“It has been a privilege to lead TruMark Financial for the past 21 years and I am grateful for the support shown to me by the board, managers, staff, and community during my time as CEO,” said Stipa. “I have great confidence that with Kelly Botti as the new chief executive officer, TruMark Financial Credit Union will continue to serve the needs of its members, staying true to the credit union’s core values and purpose.”