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BSM05122016

MAY 13 - MAY 19, 2016 • BROOKLYN MEDIA GROUP 23 Business and Real Estate A supplement to the Home Reporter, Spectator News and Brooklyn Spectator MAY 13 - MAY 19, 2016 • BROOKLYN MEDIA GROUP 00 BY HELEN KLEIN hklein@homereporter.com 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 p r e s i d e n t , who delivered the annual report on the credit union’s f i n a n c e s , 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. “ S o how is Bay Ridge balanced with the current economic outlook and our present strategic direction?” Grigos went tegic on, noting, “Looking ahead, our growth areas for at least the next two years will be in the areas of real estate and contegic consumer loans.... This year’s initiative is to improve our personal loan systems, by upgrading our online application system for an easier and more effi cient experience.” In addition, said Grigos, BRFCU is “fi nally 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 offi ng, Grigos said, is a mobile app, that BRFCU is hoping to debut in 2017. balinitiative ally Changing of the guard announced at BRFCU annual meeting


BSM05122016
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