Sunmark Federal Credit Union names new CEO

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SCHENECTADY>> Sunmark Federal Credit Union has named veteran leader Frank DeGraw interim president and chief executive officer (CEO), promoted three senior leaders to the credit union’s executive leadership team and promoted one to senior vice president.  The moves are a part of a long-anticipated transition and growth plan.

            DeGraw has been with Sunmark for 15 years, serving most recently as executive vice president for the credit union.  He has 35 total years’ experience in the financial services industry with extensive consumer and commercial lending experience.  DeGraw succeeds longtime president and CEO Bruce Beaudette who announced his retirement earlier in 2014.

            He holds a Bachelor of Science in Information Technology from the University of Phoenix and an MBA with a concentration in Finance from Benedictine University.

            “I am thrilled to have the opportunity to help lead our organization.  We have a unique set of strengths represented in our people and their desire to help our members.  I am looking forward to Sunmark continuing to grow and providing exceptional experiences for our members,” said DeGraw.

            Joining DeGraw on the credit union’s executive leadership team are:
  • Toni LeBron has been promoted to vice president of member relations for Sunmark and will be responsible for overseeing all ten Sunmark branches and the Member Solution Center.
  • Alissa Sykes has been promoted to vice president of lending and will be overseeing all aspects of lending for Sunmark which includes mortgage, home equity, consumer, loan servicing, collections and business services.
  • Carole Wands has been promoted to vice president of marketing, sales and technology.  A seasoned Capital Region financial expert, Wands will join the leadership team and oversee marketing, sales and technology, aligning the three with Sunmark’s strategic direction.
  • Bryan Delehanty, a 12 year veteran of Sunmark and a current member of the executive leadership team, is being promoted to senior vice president and will be working closely with DeGraw to oversee all operations.  Specifically, Delehanty will oversee the accounting, deposit operations, lending, commercial lending and administration departments and well as budgeting and asset liability management functions.
“These additions to our leadership team will be a tremendous asset to me and Sunmark as we move ahead.  They bring to our leadership team experience, expertise and a focus on our members’ experience,” said DeGraw.

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About Sunmark Federal Credit Union:
Since 1937, Sunmark Federal Credit Union ($430 million in assets; 48,000+ members) has been helping members in the greater Capital Region community improve their financial position by offering a full range of mortgages, insurance products, retirement accounts and of course, savings and checking.

Sunmark is committed to the financial health and well-being of each member by offering tools that educate and inform and products and services that make it easier to reach financial goals such as planning a budget, saving for a home, repairing  credit or getting out of debt.

For more information, call 518-382-0605 or visit www.sunmarkfcu.org.org.


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