New York's The Summit FCU promotes new CEO from within
The Summit Federal Credit Union of Rochester, N.Y., has selected Laurie Baker as president and CEO.
Baker, who will take the helm on Feb. 1, has been with the credit union for more than 25 years. The Summit FCU has more than $988 million in assets, according to data from the National Credit Union Administration.
"Laurie rose to the top of a very qualified candidate pool and demonstrated a great vision for the future of our credit union,” Tom Quirk, chairman of The Summit’s board of directors, said in a release.
Baker started at the credit union in 1996 as vice president of lending and was named chief operating officer in 2001, a position she has held since that time. In that role she was in charge of The Summit's human resources, marketing, business relations, member service center, retirement and investment services and branch operations.
Outside of the credit union, Baker served as a board member and former board chair of Villa of Hope, where she was recognized as an inaugural “Champion of Hope” in 2017. Other accolades include being a finalist for 2018’s Rochester Business Journal Athene Award, which recognizes female leaders within the Rochester area.
Baker succeeds retiring chief executive Mike Vadala, who has spent more than 35 years at The Summit, including 25 as CEO.
“Having worked with Laurie for over 25 years, her appointment as president and CEO reinforces my confidence in The Summit’s future,” Vadala said in a release.
The Summit FCU posted $4.7 million in net income through the first three quarters of 2019, the most recent data available, up from $3.7 during the same period one year prior.