Board Of Directors & Annual Reports

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A Note from Our President

Dear members,

It is my privilege to serve you, our member-owners, as The Summit Federal Credit Union’s new President and CEO. All of us here at The Summit work for you and are dedicated to you, and we’re excited to carry on our mission to make your lives better and help you reach your financial goals.

Your needs are the guideposts we use to make every decision and action. We listen closely so that we can continually provide a positive experience for you. Our priority is to earn your trust each day, bringing you the most up-to-date, relevant services and products, and providing the friendly, personal attention for which we are known.

If you are not yet a member of The Summit, please take a look at our website to learn more about us, call our Member Services at (585) 453-7000 or (800) 836-7328, or come into any branch and speak to one of us in person. Or join today.

Thank you for being a member of our family, and for the opportunity to serve you.

Laurie Baker
President and CEO

Board of Directors

Our Board of Directors is a diverse team of volunteers who live and work throughout New York State from Buffalo to Syracuse and everywhere in between. They are lawyers, professors, agency presidents and community members. They provide knowledge and leadership to keep us focused on our members and our mission.

Current Board Members

EXECUTIVE

Chris Modesti, Chair

Augustin Melendez, Vice Chair

Kofi Appiah Okyere, Treasurer

Daryl Wolf, Secretary

DIRECTORS

Mollene Benison

Elizabeth A. Dudman

Gerald K. Gebauer

Thomas B. Quirk

Sarah Sorensen

Kate Sweeney

Clarence “Chip” Turner

EMERITUS

William A. Reifsteck


Board Election News 2022

Each year, the terms of several Summit Board Members expire and a Nominating Committee, comprised of Summit members, is formed to nominate members for the Board of Directors. This year, the Committee has nominated the following individuals:

Kofi Appiah Okyere, PhD CPA

Kofi has served on the Board of Directors of The Summit Federal Credit Union since 2010. He is the Treasurer and a member of the Executive Committee. He has also served on other important committees. Before joining Summit’s Board, he served on the Board of Syracuse Federal Credit Union from 2006 to 2010. He is one of National Association of Corporate Directors’ (NACD) Board Leadership Fellows and a Certified Risk Manager.

Kofi works at Syracuse University’s Whitman School of Management as a financial reporting professor. He is a member of several professional organizations. He holds an MBA from Indiana University and a PhD from University of Wisconsin-Madison. As a licensed CPA, Kofi worked at Deloitte & Touche LLP before pursuing his doctoral degree. He has substantial experience in financial audits, forensic audits and advisory services.

Mollene Benison

Mollene has been a member of the Supervisory Committee from August 2017 through June 2021. Mollene became an Associate Board Member in March 2019 and was elected to the board in July 2021. She is currently a Partner in the Financial Assurance Practice at DKB. She graduated from SUNY Geneseo with her Bachelor of Science degree in Accounting. Mollene currently volunteers as an Investment Committee member for the YWCA of Rochester & Monroe County, Board Treasurer and Financial Committee member of the Rochester Area Community Foundation, Business Advisory Council member of SUNY Geneseo, Committee member of the NYSSCPA and Board and Committee member of the Geneseo Foundation. 

Mollene lives in West Henrietta with her husband, Dan Lynck, with their daughter, Rachel.

Gerald K. Gebauer

Mr. Gebauer was elected to the Board of Directors of the Buffalo Telephone Employees Credit Union in 1987. He served as President of the Board from 2000 through the merger date with The Summit in 2003. He has continued to serve as a Board Member for The Summit since that time and also sits on the Governance Committee of the Board. After receiving a degree from Niagara Community College, Mr. Gebauer worked for AT&T and Verizon Telephone where he held various management positions. He retired after 25 years of service in 1995. He and his wife Barbara then started their own business, JBG Freight Lines, Inc. which they ran for the next 14 years. Since his retirement in 2008 he enjoys traveling and time spent with his family. 

He is also a life member of The Telephone Pioneers and VFW Post 6251. Mr. Gebauer and his wife Barbara reside in the town of Alden, NY.

Tom Quirk

Mr. Quirk was elected to the Board of Directors at the May 1995 Annual Meeting. He recently served for ten years as Board Chair and currently is a member of the Nominating Committee of the Board. He is retired from Bausch & Lomb and lives in Pittsford with his wife Molly and has 2 adult children, Clay and Meghan. Mr. Quirk has been involved in various volunteer activities for other non-profit organizations. Mr. Quirk is on the Board of the Genesee Valley Conservancy, where he chairs the Development Committee and sits on the Finance Committee.


Volunteer Nomination Certificate and Petition Guidelines

Under guidelines specified by the National Credit Union Administration (NCUA), members interested in petitioning to run for a volunteer position on the Board of Directors may do so by complying with these procedures:

1. A petition must be signed by 1% of our membership (at least 500) members. Signatures must be legible and include the member’s account number.

2. Included with your petition must be a statement of qualification and a biography with information about your current job, related credit union or financial experience and any other committee involvement.

3. Petitions must be received by February 11, 2022, and sent to Daryl Wolf, The Summit FCU, Canal Ponds Business Park, 100 Marina Drive, Rochester, New York 14626.

4. The election will not be conducted by ballot and there will be no nomination from the floor when the number of nominees equals the number of positions filled.


Supervisory Committee

The Supervisory Committee is a five-member committee of volunteer members who are appointed by The Summit Federal Credit Union’s Board of Directors. The committee works independently of the credit union’s management overseeing the work of internal and external auditors, and is responsible for ensuring that member assets are adequately safeguarded, accurate records are maintained, and proper business practices are followed.

In addition, reviewing and resolving member complaints that cannot be rectified through normal channels is another responsibility of the Supervisory Committee. However, most issues can be resolved efficiently by credit union staff in the branches, or through email at mservice@summitfcu.org or at (585) 453-7000 or (800) 836-SFCU.

If you are unable to resolve an issue or discrepancy in your account through normal channels, you may contact the Supervisory Committee at PO Box 26477, Rochester, NY 14626, Attn: Supervisory Committee.


Annual Reports

For more insight on our operations, feel free to review our current and past Annual Reports.