Tom Graves has retired as the president and CEO of SafeAmerica Credit Union in Pleasanton, California.
He will be replaced on an interim basis by Frank Zampella, the chairman of the $526 million-asset credit union.
Graves, who retired Jan. 5, worked in the credit union industry for over 40 years and joined SafeAmerica Credit Union as CEO in August of 2017. Zampella has been a member of SafeAmerica for 40 years and has served on the board for the last 36 years.
"My 50-plus years of financial experience has been beneficial when reviewing the credit union's financial statements, virtual service programs, new products or technical product proposals and to guide and maintain a financially stable credit union while protecting the assets of the credit union," Zampella said in a press release Wednesday.
SafeAmerica had total loans of $438 million, including $292 million in residential mortgages, at the end of last year's third quarter, according to data from American Share Insurance.
