Changing of the guard announced at BRFCU annual meeting

For the past several years, Anthony Grigos has been second in command at the Bay Ridge Federal Credit Union (BRFCU). By this time next year, however, he is likely to be its president and CEO.

Gene Brody, who has been BRFCU’s president for 29 years, announced Grigos’s likely ascension to the top post at the credit union during its annual meeting, held last month at the Bay Ridge Manor.

“It’s been an honor and pleasure for me to be CEO of the Bay Ridge Federal Credit Union all these years, and see it grow and provide a great place for staff as well as members,” Brody, who has been with BRFCU since 1964, told the assembled crowd. “I hope next year to be able to introduce Anthony Grigos as my successor, the next president and CEO.”

Grigos, currently BRFCU’s executive vice president, who delivered the annual report on the credit union’s finances, returned the compliment, saying he was “humble…at inheriting a life’s work, and at his confidence in doing so. I hope I make him proud.”

As for business, Grigos said he sees “good news” for credit unions in the current state of the economy, leading to “solid loan growth, and rising deposits and membership growth. The overall outlook is generally solid.

“So how is Bay Ridge balanced with the current economic outlook and our present strategic direction?” Grigos went on, noting, “Looking ahead, our growth areas for at least the next two years will be in the areas of real estate and consumer loans…. This year’s initiative is to improve our personal loan systems, by upgrading our online application system for an easier and more efficient experience.”

In addition, said Grigos, BRFCU is “finally embarking in the world of 24/7 service…starting with personal loan applications and by the end of the year expanding the service provided to other loan products and eventually member services.”

Also in the offing, Grigos said, is a mobile app, that BRFCU is hoping to debut in 2017.