News
October 7, 2015Sunmark Names Frank Degraw President and CEO
The Sunmark Federal Credit Union Board has named veteran leader Frank DeGraw president and chief executive officer (CEO).
“We are pleased to announce that Frank has officially accepted the position of president and CEO,” said Edward Aidala, chair of Sunmark’s Board of Directors. “Frank has shown tremendous leadership working as second to retired CEO Bruce Beaudette for 7 years, through the transition and then during this interim transition. The Board was committed to performing their due diligence in making this decision on behalf of the Sunmark members. We’re delighted to have Frank at the helm, ensuring this continuity of strong and secure leadership and vision for the future of Sunmark.”
DeGraw has been with Sunmark for 17 years, and has served as Interim CEO since January. He has more than 35 years of experience in the financial services industry with extensive consumer, mortgage, and commercial lending experience.
“I am thrilled to have the opportunity to continue to lead our organization. Sunmark’s growth under Bruce’s leadership was phenomenal. We were able to grow from a small credit union for the Schenectady GE Turbine Department to the third largest credit union in the Capital Region,” said DeGraw. “This is an opportunity to continue that momentum and grow our services and facilitate new ones that meet our members’ current and future needs. ’People helping people’ is what credit unions are all about and really resonates as our strategy moving forward.”
DeGraw holds a Bachelor of Science in Information Technology from the University of Phoenix and an MBA with a concentration in Finance from Benedictine University.
