Routing Number | 255077370

Financial Wellness

  • News
  • June 24, 2024

Tower Welcomes Susan Ralston as New Chief Operating Officer

Tower Federal Credit Union, one of the largest credit unions in Maryland, is pleased to announce the hiring of Susan Ralston as new Chief Operating Officer (COO). Ralston brings to Tower over 30 years of leadership experience in the banking and financial industry, and as COO, will oversee Tower's Deposit Operations, Debit Card Operations, Fraud, Bank Secrecy Act Compliance, Business Continuity, and Facilities & Administrative Services department teams. 

"We are happy to welcome Susan as the newest member of our senior management team," said Rick Stafford, Tower's President and CEO. "She brings to Tower over three decades of leadership experience in the banking industry, and a wealth of knowledge in areas key to our current and future strategies. She has extensive experience in the rapidly changing world of fraud prevention and mitigation that will serve to reinforce and strengthen our team and help protect our members." 

Before joining Tower, Ralston was Executive Vice President and COO for Old Point National Bank. She also previously served as COO/Senior VP for the Virginia Division of Dollar Bank, and as President and CEO for Bank @lantec prior to their acquisition by Dollar Bank. 

"I am thrilled to join Tower as their new COO," she said. "My goal is to enhance our operating efficiency while continuing to foster the credit union's culture of innovation and teamwork. Together, we will continue to provide exceptional service and value to our members, ensuring their financial well-being and our organization's growth."

Recently, Ralston received an award from Virginia Business Magazine for 2023 Women in Leadership. She has also received Washington and Jefferson College's Cleveland Waltersdorf Award for Innovative Leadership, and a Woman in Business Achievement Award from Inside Business.

She earned her Bachelor's Degree in Business Administration from Washington and Jefferson College, and Master's Degree in Business Administration from Old Dominion University. Ralston earned her professional coaching certification from Duquesne University's Palumbo-Donahue School of Business and associate certified coach credential from the International Coaching Federation.