Suffolk Federal Credit Union in Medford named Michele Dean of Smithtown president and CEO. She is the first woman to serve in this position in Suffolk Federal’s 52-year history.
Dean will provide strategic leadership, tactical oversight, and comprehensive direction of day-to-day operations. She will succeed Ralph D. Spencer Jr., who is retiring this month and will work in partnership with Spencer to shift management responsibilities beginning June 15 for a transition of leadership.
“The Board of Directors selected Michele Dean after an extensive search,” explained James J. Maggio Jr., board chairman. “Michele stood apart because of her outstanding expertise and flawless ability to connect vision, people and ideas as well as her history of successful tactical execution. We also thank Ralph D. Spencer, Jr. for his years of service to Suffolk Federal,” he continued.
Suffolk Federal said in the announcement that Dean has built a reputation as a “visionary executive leader with a history of successful operational and management results as well as sustained profitability.” Prior to joining Suffolk Federal, she was the chief strategy officer for Jovia Financial where she was a key member of the strategic team responsible for operations, lending and corporate strategy. In addition, she has 19 previous years of experience with Long Island’s largest credit union, Bethpage Federal Credit Union as a senior vice president of lending and investments.
A longtime resident of Suffolk County, Dean attended SUNY Oswego where she earned her Bachelor of Science in Business Administration followed by an MBA in Corporate Finance from Dowling College. She received multiple awards presented by the Long Island Business News for their Who’s Who – Women in Professional Services; Long Island’s Rising Stars Under Age 40; and Top 50 Most Influential Women in Business.
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