The Bay Ridge Federal Credit Union held its annual Shareholder’s Meeting on Wednesday, April 1 at the Bay Ridge Manor, 76th Street and Fifth Avenue.
Elected officials, Bay Ridge community leaders and other movers and shakers attended the yearly event while President and CEO Gene Brody and Executive Vice President Anthony Grigos played host.
“The event has become a spring tradition for the Credit Union,” said Administrative Assistant Maria Rando.
During the festive event, which featured cocktails and food, Grigos discussed the state of the credit union with optimism. “Thanks to increased momentum in the U.S. economy, this is widely expected to be the year in which the Federal Reserve, at long last, begins to raise short-term interest rates,” he said.”
Grigos looked back to 2000 to track the growth of the union with a chart. “It was a motivational chart to track our credit union growth. It tracked out asset size growth from 2000 to 2008.
“No one can predict to what heights you can soar,” he went on. “Even you will not know until you spread your wings,” he said. “And that’s exactly what we’ve done. We committed and invested into new markets and will continue to soar in a safe and sound manner. We doubled in size from 2002-2008, then again from 2008-2014. If form holds true, we should hit $400 million in December of 2020.”
He then expressed his love of working with the union.
“I can’t believe it’s been already two years since I joined this credit union family,” he said. “A critical piece of enjoying your work is to surround yourself with great people and mentors like Gene Brody, a wonderful credit union team and partners like you.”
It will be an interesting year up ahead, Grigos stressed.
“I hope to continue coming up to this podium each and every year to share with you our success and progress,” he said.
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