Lehigh Valley, PA (17-March-2022) – First Commonwealth Federal Credit Union, a top-ranked credit union in PA by Forbes and leader in financial services innovation and inclusive banking in the Lehigh Valley, is proud to announce the appointment of Terry Grier as Chief Lending Officer. As a member of the Executive Leadership Team, Terry provides the strategic direction and leadership of consumer lending, business solutions, loan operations and debt resolution.

Terry joined the First Commonwealth family in October 2021, working very closely with outgoing Chief Lending Officer (Kevin Brown) to ensure a smooth transition. Terry has been instrumental in leading enterprise initiatives, process improvements, optimization and enhancing First Commonwealth’s portfolio of lending products and services, with a key focus on building comprehensive business solutions and positioning First Commonwealth as a trusted financial partner for small businesses throughout the Greater Lehigh Valley. “Terry brings vast skills and expertise to this role, given his impressive background, leadership experience, financial expertise and proven success in commercial and business lending. He has demonstrated his ability to lead a growing financial services organization as Chief Lending Officer as we finished 2021 with very strong results – including a milestone of achieving $1B in assets - and will be instrumental in driving our strategy of making our lending functions more dynamic and growing our specialty small and mid-size business solutions.,” said Donna LoStocco, President and Chief Executive Officer of First Commonwealth.

Terry brings a wealth of experience, with more than 25 years of leadership and 18 years within the financial services industry, to First Commonwealth. Additionally, Terry has extensive experience working collaboratively across all business units to foster organization growth, collaboration, efficiencies, and innovation. Terry holds a BA and MBA (with a concentration in Executive Management) from Baldwin-Wallace University in Ohio. Terry currently resides in East Norriton, PA with his wife of 20 years.

LoStocco added, “I’m thrilled to have our leadership ‘dream team’. We have the right people, with the right experience and mindset, in the right roles to accelerate our strategic growth, transformation and alignment to the future. Our executive ‘dream team’ includes: John Melcher, Chief People Officer; Kim Murray, Chief Financial Officer; Terry Grier, Chief Lending Officer; Jim Gagliano, Chief Experience Officer; Karla Trumbauer, Chief Information & Technology Officer. Together, we’re working tirelessly to strengthen our communities by empowering positive change, making quality, affordable financial services more accessible and serving the evolving financial needs of the diverse Lehigh Valley community.”

 

ABOUT FIRST COMMONWEALTH FEDERAL CREDIT UNION

First Commonwealth Federal Credit Union (FCFCU) is a $1+B member-owned, not-for-profit financial services cooperative serving more than 70,000 members and 1,900 businesses in the Greater Lehigh Valley since 1959. A nationally recognized leader in consumer and business banking innovation and service, FCFCU is committed to ‘Banking for Better’ and investing heavily in the Lehigh Valley community. As the Forbes’ #1 Credit Union in PA in both 2020 and 2019, and winner of numerous community service awards, First Commonwealth FCU is the largest credit union in the Lehigh Valley. With a mission of “empowering the pursuit of financial happiness” and core values of “honesty, innovation, generosity, humility, excellence and respect” FCFCU is focused on bringing affordable, easy to use financial services to everyone in the Lehigh Valley community. With eleven financial centers24/7 account access, a best-in-class digital banking center and dedicated small business center, First Commonwealth FCU provides trusted financial services in the communities they serve. First Commonwealth FCU serves its membership through purpose-driven and mission-based values to help members empower their pursuit of financial happiness through all the stages of life.

 

MEDIA CONTACT

Caitlin Stibitz, Vice President of Marketing

cstibitz@firstcomcu.org | 610.657.9185(cell)