Suffolk Federal is pleased to announce the appointment of Christopher B. Welga as Vice President of Risk Management. In this role, Welga is responsible for monitoring and assessing the credit union’s operational and strategic risk. His responsibilities include oversight of compliance, fraud prevention and security resources as well as the development and implementation of business continuity plans and protocols.
“In today’s increasingly complex regulatory environment, it is important for an organization to protect its assets while implementing responsible strategies for continued and sound growth. Chris joins our team with extensive experience in information technology security, compliance, fraud detection systems as well as an ability to analyze, monitor and implement prudent business protection and continuity plans. As we continue to grow the credit union, Chris’s experience and oversight will be invaluable.” said Michele Dean, President and CEO.
Welga joins Suffolk Federal with over 21 years of experience in banking and financial services. Most recently, he was with Teachers Federal Credit Union as Vice President of Enterprise Risk Management and Chief Information Security Officer. In that capacity, he developed and managed enterprise, organizational and technology risk management processes, implemented fraud detection and security systems and ensured regulatory and information security standards compliance..
Welga earned his Bachelor’s Degree from Dowling College. He has received certification as a Credit Union Regulation, Law and Compliance Expert (CUCE) as well as a Credit Union Enterprise Risk Management Expert (CUERM).
Welga lives in Middle Island and volunteers at Pace University as a Cybersecurity Board Member and also as a Committee Member of the Board of Education at Longwood Central School District.
About Suffolk Federal
Suffolk Federal is a not-for-profit cooperative financial institution chartered in 1967 by the National Credit Union Administration (NCUA), and is owned and operated by its members. The volunteer-directed credit union has assets in excess of $1.4 billion, ten branch locations and more than 62,000 members. Suffolk Federal offers all members incredible benefits like free checking, free online banking, low interest rates on home and auto loans and much more. Membership is open to anyone who lives, works, worships, attends school or regularly conducts business in Suffolk County, NY as well as immediate family members of current membership. To learn more, visit www.suffolkfcu.org, call 631.924.8000 or visit any Suffolk Federal branch today.