The board of the $1.2 billion Greylock Federal Credit Union has named Marilyn Sperling to be its full-time President and CEO.
Sperling had been a senior vice president at the Pittsfield, Massachusetts based credit union and was named interim CEO after former CEO Angelo Stracuzzi was asked to resign in the wake of revelations of a criminal conviction in Maine.
Board Chair Sheila LaBarbera said that Greylock's directors have a great deal of confidence in Sperling's leadership abilities. "Marilyn Sperling has held key leadership positions during her 25-year career at Greylock and she has always performed to the highest standards of professionalism," LaBarbera said. "The Board, the employees and the membership know that she is fully capable to lead this organization as we move forward."
LaBarbera said that the Board carefully evaluated its options in coming to the decision regarding Sperling's role. "In carefully looking at all of our options, we recognized that Marilyn has truly shaped the Member service culture that has made Greylock the #1 credit union in America. She has also been principally responsible for establishing Greylock as a leading provider of mortgage loans, which is the core of our business. Beyond those extremely impressive qualifications, she also has the complete support of the other managers, and the employees respect and look up to her. With Marilyn as the President & CEO of this institution, Greylock's focus can stay right where it belongs: on meeting the financial needs of our Members."