Modern interior of Jovia Federal Credit Union emphasizing collaboration and community.
Jovia Federal Credit Union has appointed Matthew McDonough as its new chairman, succeeding George Plevretes. This leadership change is part of a broader reorganization of Jovia’s board, aimed at strengthening governance and strategic direction. McDonough, a founding principal at McDonough PLLC and an authority in municipal law, vows to enhance member services while leading the updated board alongside new appointees. Jovia has grown significantly since its inception in 1938, now serving over 230,000 members across 22 branches.
Babylon, NY – As part of a recent leadership transition, Jovia Federal Credit Union has appointed Matthew McDonough as its new chairman, succeeding George Plevretes, who held the position for over two decades. This change is indicative of a broader reorganization of Jovia’s nine-member board of directors, aimed at reinforcing strong governance and strategic direction for the credit union.
Matthew McDonough, who joined Jovia’s board of directors in 2017, is the founder and principal of McDonough PLLC, a law firm based in Babylon. He is widely recognized as an authority in municipal law, having provided legal guidance to various municipalities, including advising the Town of Babylon on regulations concerning cannabis dispensaries. His professional background includes a tenure as a judicial law clerk for a New York State Supreme Court judge, enhancing his legal expertise.
In addition to his legal career, McDonough has previously served as the CEO of the Town of Babylon Industrial Development Agency and held presidencies in various local development corporations. With a Bachelor of Arts degree in Economics from New York University and a Juris Doctor degree from the City University of New York School of Law, McDonough brings extensive knowledge and experience to his new role.
McDonough expressed his honor in being appointed chairman, emphasizing his commitment to Jovia’s mission, which focuses on serving its members effectively. His leadership will be complemented by new appointments on the board: Victor Patino as first vice chair, George Zweier as second vice chair, Ahmet Karagozoglu as treasurer, and Fred Schaefer as secretary. Remaining board members include James Campbell, Kamille Wolff Dean, Michael Ippolito, and former chairman Plevretes.
John Deieso, president and CEO of Jovia, highlighted that these leadership transitions reflect the institution’s commitment to ensuring strong governance and offering strategic guidance. Under his leadership, the credit union aims to continue its growth trajectory and enhance services for its members.
Founded in 1938 as the Valley Stream Teachers Federal Credit Union, Jovia has evolved significantly over the years, being rebranded from Nassau Educators Federal Credit Union (NEFCU) to Jovia in 2019. Currently, it is one of the top 100 credit unions in the United States, boasting over $4.5 billion in assets and serving more than 230,000 members across 22 branches.
This strategic realignment in leadership and the strengthening of the board are expected to position Jovia Financial Credit Union for future success while maintaining its unwavering focus on member satisfaction.
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