Former CEO of GFA credit union officially retires after nearly half a century
Photo I Courtesy of GFA Federal Credit Union
Tina Sbrega, former president and CEO of GFA Federal Credit Union
Former CEO of GFA Federal Credit Union Tina Sbrega has retired from the union’s board of directors, rounding out a 45-year tenure with the Gardner-based institution she originally joined in 1980.
Sbrega served as the leader of what is today Central Massachusetts’ eighth largest credit union from 2009 until 2021, helping lead the institution as it grew its assets from $70 million when she began her GFA career to $590 million in 2020.
Throughout her incumbency on GFA’s board, Sbrega has worked to enhance its governing practices and advance its community investments as she mentored her fellow board members and the credit union’s leadership team alike, according to a Tuesday press release from GFA.
“Tina’s impact on our board and our institution cannot be overstated,” Douglas Delay, chairman and chief governance officer of the board of directors, said in the release. “Her leadership style is a rare blend of vision, humility, and conviction. She brings clarity to complexity and always grounds her decisions in what’s best for the members and the community. Tina has been a guiding light for this board, and personally, it has been a privilege to serve alongside her for so many years.”
Sbrega oversaw the credit union throughout its headquarters expansion, its purchase with Monadnock Community Bank in New Hampshire, and started Massachusetts’ first banking institution to serve cannabis growers and sellers.
“I am grateful to the board, the GFA team, and our community for their trust and support throughout serving as a Board member and my career. GFA is, and always will be, close to my heart. It’s a powerful thing to work alongside individuals who give their time and expertise out of a deep sense of purpose,” Sbrega said in the release.
Sbrega was featured as one of WBJ’s Power 50 in both 2018 and 2019 and was named a Person to Meet in 2022. In 2020, she was inducted into the Cooperative Credit Union Association hall of fame.
“Credit unions are rooted in people helping people, and that spirit has driven every decision we’ve made as a board. I’m proud of the work we’ve done and grateful for the opportunity to serve,” Sbrega said.
With $693.34 million in assets as of March 31, 2024, GFA is the eighth-largest credit union in Central Massachusetts. At the time, GFA had 96 full time employees throughout 10 locations.
Mica Kanner-Mascolo is a staff writer at Worcester Business Journal, who primarily covers the healthcare and diversity, equity, and inclusion industries.
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