TruMark Financial Credit Union names new Chief Executive Officer

FORT WASHINGTON — TruMark Financial Credit Union has named Kelly Botti as the new chief executive officer for the credit union. She will replace CEO Richard F. Stipa, who will be retiring August 1, after leading TruMark Financial for the last 21 years.

When it came time to look for someone to succeed Stipa, the financial institution didn’t have to look far.

Botti has been with TruMark Financial since 2014, most recently serving as the senior vice president, chief risk officer and corporate counsel for the credit union.

She brings more than 10 years of experience in banking and senior leadership, most recently focusing on facilitating the credit union’s strategic planning process and plan execution, according to a press release announcing her appointment. In addition, Botti has maintained responsibility for the implementation of TruMark Financial’s enterprise risk management (ERM) program and the fraud, legal, collections, and compliance areas of the credit union.

“I’m honored and grateful for 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 reach their financial well-being, enabling 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 the Villanova University School of Law, and a Master of Business Administration (MBA) from Saint Joseph’s University. She sits 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.

TruMark Financial Credit Union’s branch, 700 E. Market St. in West Chester. (MEDIANEWS GROUP FILE PHOTO)

“Kelly’s strategic leadership experience and her commitment to helping our members reach their financial well-being makes her a great fit for TruMark Financial’s Chief Executive Officer,” Leonard V. Doughty III, TruMark Financial’s board president, said in a statement. “The board of directors would also like to thank Rick for all he has done for our credit union, our members, and our community as CEO. Rick has been a relentless credit union advocate and a champion for organizational excellence.”

Stipa joined TruMark Financial in 2001 as CEO. While leading the organization, he has overseen growth to nearly $2.8 billion in assets from $670 million, and to almost 132,000 members.

“It has been a privilege to lead TruMark Financial for the past 21 years and I am grateful for the support shown to me by the board, managers, staff, and community during my time as CEO,” Stipa said in a statement. “I have great confidence that with Kelly Botti as the new chief executive officer, TruMark Financial Credit Union will continue to serve the needs of its members, staying true to the credit union’s core values and purpose.”

TruMark Financial Credit Union has 24 branches in the Greater Philadelphia region, including five in Chester, six in Montgomery, and two in Delaware counties.

TruMark Financial Credit Union was founded in 1939 and has more than 350 employees. Membership in the credit union is open to anyone that lives, works, worships, volunteers of attends school in Bucks, Chester, Delaware, Montgomery or Philadelphia counties.

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