Suffolk Federal is proud to announce Ralph D. Spencer, Jr. of Coram as its new President & Chief Executive Officer.
With more than 37 years of lending and retail banking experience, Spencer provides the leadership and overall direction of operations within the credit union consistent with its vision and mission statements. He additionally works with all support teams to ensure personal service is delivered to the credit union’s membership. Prior to this promotion, Spencer served as the credit union’s Executive Vice President & Chief Operating Office. He has additionally served as Suffolk Federal’s Chief Lending Officer.
“The Board of Directors is extremely confident in Ralph’s expertise and ability to lead the credit union,” said James J. Maggio, Jr., Chairman of the Board of Directors at Suffolk Federal. “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.