The board of directors at Ocean Financial FCU has named Joseph Tedesco as the credit union’s new president/CEO. Tedesco most recently served as SVP and retail regional leader for the last nine years at the Key Bank of Philadelphia in Pennsylvania.
“The Board of Directors is excited to welcome Joseph to Ocean Financial,” the board said in a statement. “His extensive experience in the financial services industry and demonstrated success will be instrumental in continuing Ocean Financial’s commitment to the banking needs of the Catholic community.”
In his previous position, Tedesco successfully led and helped expand the institution across Pennsylvania, New York and Connecticut, achieving strategic growth and implementing initiatives such as the bank’s Leadership Development program. Tedesco was also the 2018 recipient of the CEO Team Award. Prior to his time at Key Bank, Tedesco served as SVP of wealth and retail regional director for United Commercial Bank and southeastern general manager for Wachovia.
“The President/CEO position at Ocean Financial Federal Credit Union represents a significant opportunity for me, both in my career in financial services, but also as an opportunity to serve Ocean Financial’s members,” Tedesco said. “I am looking forward to continuing the organization’s impressive legacy and reputation for member service.”
As previously reported, Joseph Garay, the former president/CEO of Ocean Financial, retired on April 30. Garay was president/CEO of the Oceanside-based credit union for 29 years. The Garay family had been involved with the credit union since it began in 1969, when Joseph Garay’s father founded the organization.