Ocean Financial, the Catholic credit union, announced the retirement plans of President/CEO Joseph Garay. Garay’s retirement will be effective April 30, 2019.
Garay was appointed as the President/CEO of Ocean Financial 29 years ago, but the Garay family has been involved with the credit union since it began in 1969, when his father founded the organization.
The search for a new President/CEO is underway with D. Hilton Associates. A potential successor has not yet been identified.
Under Garay’s leadership, the credit union expanded their field of membership to include the Diocese of Rockville Centre, essentially allowing membership to all Catholics living in Nassau or Suffolk counties and realizing membership growth of 425%. Ocean Financial’s assets have grown more than 14 times what it was in 1991, bringing their current assets to over $309 Million.
“It has been a wonderful journey,” said Garay. “I am truly grateful to have led the Ocean Financial team and know that my successor will value the people there as I have.”
For more information about Ocean Financial, please visit www.oceanfinancial.org or call (516) 620-8100.
Joseph Garay, Ocean Financial Federal Credit Union President/CEO