Sometimes the best succession plans are the ones built over decades, not months. Rhode Island Credit Union just proved that point with an announcement that’s equal parts end-of-an-era and seamless transition story.
David B. Suvall is hanging up his CEO hat after an impressive 45-year run at Rhode Island Credit Union. And here’s the kicker—his successor, Nancy L. Zeppa, has been at the organization even longer, clocking in at nearly five decades since joining in 1977. Talk about institutional knowledge.
The Changing of the Guard
Suvall started his journey with the credit union back in 1981 as VP/Controller before taking the top job in 2006. Under his leadership, the $425 million institution grew to serve nearly 30,000 members across six branch locations. Not too shabby for someone who’s dedicated nearly half a century to a single organization.
“Serving as the President/CEO of Rhode Island Credit Union has been one of the greatest honors of my career,” Suvall said. “As I prepare to retire, I have full confidence in our leadership team and my successor Nancy L. Zeppa.”
The transition is set for July 1, 2026, giving everyone plenty of runway to ensure things go smoothly.
Meet the New Boss (Who’s Actually Been Here Longer Than the Old Boss)
Zeppa isn’t exactly the new kid on the block. As Executive Vice President and COO, she’s been instrumental in pretty much every major initiative the credit union has tackled. We’re talking core system conversions, mergers, lending platform overhauls, and even the construction and launch of new branch locations. If there’s a critical project at Rhode Island Credit Union, Zeppa’s fingerprints are probably all over it.
“I am honored and excited to step into the role of President/CEO and thank the Board of Directors for its confidence and faith in me,” Zeppa said. “I also want to thank David for his outstanding leadership, dedication, lasting contributions, and support during the transition. I wish him a long retirement full of happiness and good health.”
Business as Usual (In the Best Way)
For members wondering if this leadership change means a strategic pivot or organizational shake-up, the answer is no. Rhode Island Credit Union plans to maintain its current vision, mission, and operational approach. The focus remains squarely on improving the financial lives of members—which is exactly what you want to hear from a financial institution.
About Rhode Island Credit Union
Born in 1946 as a credit union for Rhode Island state employees, the organization has grown into a community institution serving almost 30,000 members with more than $425 million in assets. The credit union has built its reputation on personalized service and financial empowerment programs tailored to the specific needs of the communities and members it serves.