Richard M. Grammatica, Named President/CEO at Tampa Bay Federal Credit Union

Richard Grammatica

Richard M. Grammatica of St. Petersburg, FL, has been named President / CEO of Tampa Bay Federal Credit Union, effective June 1, 2015.

Grammatica joined the Tampa Bay Federal Team in January 2000. He brings 20 years of Financial Services experience to the President / CEO position, including 10 years of executive leadership.

Tampa Bay Federal’s Board Chairman, Terry W. Jones, announced the Board’s decision and stated, “The Board of Directors is excited to welcome Rick to his new role as President / CEO for our flourishing credit union.  We have come to know him as a passionate leader focused on developing his team, driving organizational results and living the cooperative philosophy of the credit union industry.  We look forward to Rick using his talents to take the Credit Union to the next level.”

Grammatica responded by saying, “I want to say thank you to the Board of Directors for the trust and confidence that they have shown in me by selecting me to lead the Credit Union going forward. I am excited for the opportunity to work closely with them, the Supervisory Committee, the Tampa Bay Federal Team, and all of our Community Partners and Members, to continue Serving the Changing Financial Needs of the Tampa Bay Region.”

In 2006, Grammatica was recognized by the Credit Union Executives Society (CUES) as a member of the credit union industry’s Rising 100, and the following year as the 2007 CUES Future Leader. Since 2010, Grammatica has also served as a FL CUES Council Board Member and Trustee for the Tampa Bay Federal Foundation.  He earned a BS in Accounting at the University of South Florida, Tampa FL; an MBA at the University of Tampa, Tampa FL; and, is a graduate of the CUES CEO Institute.  He holds several professional certifications, including Certified Chief Executive and Certified Internal Auditor, and is a former Associate Faculty Member of the University of Phoenix, West Florida Campus, where he taught in the Graduate Studies area.


Tampa Bay Federal Credit Union is a not-for-profit, member-owned financial cooperative and was chartered on May 23, 1935, as Tampa City Employees Federal Credit Union, by 13 City of Tampa employees.  The Credit Union’s legend says that during its inception, the assets of the Credit Union were stored in a Hav-A-Tampa cigar box.  The first year’s assets were nearly $400.  Today the Credit Union serves more than 28,000 members, with assets of more than $250 million.  Tampa Bay Federal’s mission is to Serve Members’ Changing Financial Needs…with Pleasure.  As Tampa Bay Federal journeys into the 21st Century this means that the Credit Union we must be willing and able to provide a fulfilling experience, The Tampa Bay Federal Experience, for everyone who comes into contact with our organization, including Customer-members, Volunteers, Associate and Partners, Regulators and the Community at Large.  We believe these factors, when articulated in detail and achieved, will indeed make Tampa Bay Federal the Standard of Excellence among financial service providers.

Tampa Bay Federal’s commitment to its member-owners / member-customer is to:

  • Preserve the financial strength and integrity of the Credit Union;
  • Provide a comprehensive selection of financial services which meet your needs;
  • Consistently deliver prompt, accurate, friendly service;
  • Ensure your understanding of various financial alternatives; and,
  • Maintain an environment that will attract and retain both highly motivated employees to serve you, as well as dedicated volunteers to represent your ownership interest.   Tampa Bay Federal is proud to live the credit union philosophy of “people helping people” for its members and the community.
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