FORT WASHINGTON— TruMark Financial Credit Union has appointed Kelly Botti as the general manager of the credit union. She will replace CEO Richard F. Stipa, who will retire on August 1, after leading TruMark Financial for the past 21 years.
When it came time to look for someone to succeed Stipa, the financial institution didn’t have to look far.
Botti has worked at TruMark Financial since 2014, most recently as Senior Vice President, Chief Risk Officer and Corporate Counsel for the credit union.
She brings more than 10 years of banking and senior management experience, most recently focusing on facilitating the credit union‘s strategic planning process and plan execution, according to a press release announcing her nomination. In addition, Botti retained responsibility for the implementation of TruMark Financial’s enterprise risk management (ERM) program and the credit union’s fraud, legal, collections and compliance areas.
“I am honored and grateful to have the opportunity to lead this extraordinary credit union and our truly talented team,” Botti said in a statement. “I remain focused on supporting stronger communities by helping our members achieve financial well-being, driving change and growth, and building great teams that do great things.”
Botti holds a Bachelor of Arts in Political Science and a minor in Communications from Loyola University of Maryland, a Juris Doctorate from Villanova University School of Law, and a Masters of Business Administration ( MBA) from Saint Joseph University. She serves on the National Association of State Credit Unions’ Legislative and Regulatory Affairs Committee, as well as the organization’s Inter-State Credit Union Task Force.
“Kelly’s strategic leadership experience and commitment to helping our members achieve their financial well-being make him an ideal candidate for CEO of TruMark Financial,” said Leonard V. Doughty III, Chairman of the Board of TruMark Financial. administration of TruMark Financial, in a statement. “The Board also wants to thank Rick for all he has done for our credit union, our members and our community as CEO. Rick has been a tireless advocate for credit unions and a champion of organizational excellence.
Stipa joined TruMark Financial in 2001 as CEO. While leading the organization, he oversaw the growth of nearly $2.8 billion in assets, from $670 million, to nearly 132,000 members.
“It has been a privilege to lead TruMark Financial over the past 21 years and I am grateful for the support I have received from the Board, managers, staff and community during my tenure as CEO,” said Stipa. in a press release. “I am confident that with Kelly Botti as the new Managing Director, TruMark Financial Credit Union will continue to meet the needs of its members, remaining true to the core values and purpose of the credit union.”
TruMark Financial Credit Union has 24 branches in the Greater Philadelphia area, including five in Chester, six in Montgomery and two in Delaware counties.
TruMark Financial Credit Union was founded in 1939 and has over 350 employees. Membership in the credit union is open to anyone who lives, works, worships, volunteers, or attends school in Bucks, Chester, Delaware, Montgomery, or Philadelphia counties.