Deepwater Industries FCU President/CEO Ida Bowen Announces Retirement

DEEPWATER, N.J. – Deepwater Industries FCU President and CEO, Ida Bowen, has announced that she will be retiring effective August 1, 2018. Bowen has served as President and Chief Executive Officer since February 2015. COO Sutton Gant has accepted the position of President and CEO effective August 1.

Bowen has provided dynamic leadership, direction, and guidance to all credit union activities. For example, she initiated a $900,000 renovation of the credit union’s main branch in 2016 and the opening of the credit union’s first two branches in the operation’s 82-year history in 2017.

Bowen has ensured compliance with regulators and has directed a comprehensive marketing program that has led to an increased number of new services and products for the credit union’s members. She has also directed the training of employees in order to improve the credit union’s culture of serving members while building relationships. Bowen also reduced employee benefit costs by researching providers that could provide the same quality of coverage while saving both the employee and credit union premium costs.

In 2017, under her leadership, Deepwater Industries FCU was voted Best Financial Institution in Salem County and the New Jersey Credit Union League’s 2017 Credit Union of the Year. Her leadership will truly be missed and the credit union wishes her all the best during her retirement.

Sutton Gant, currently the credit union’s Chief Operations Officer, has been employed with Deepwater Industries FCU since April 1999. Starting her career as a teller, she has worked her way through the ranks becoming a loan officer and then manager of the loan department. In January 2016, Sutton was promoted to Chief Operations Officer. She has been responsible for providing direction to the loan department, member services, and marketing. She has attended many leadership development classes in order to prepare herself for this role.

Well-respected by members and employees, Gant will continue to follow through with the vision of growth and success for the credit union. Deepwater Industries FCU congratulates Gant on her promotion and wishes her well throughout her journey of continuing the credit union’s success.

in Credit Union News