Tower FCU Welcomes Jay Russell as New SVP & CIO
Jay Russell, Tower’s new Senior Vice President & Chief Information Officer, is an industry veteran with over 30 years in the technology industry, and over 15 years of focused expertise in the financial sector.
Tower Federal Credit Union is pleased to announce the promotion of Jay Russell as its new Senior Vice President & Chief Information Officer (SVP/CIO).
As SVP/CIO, Russell will be responsible for leading Tower’s technology strategy; overseeing the Information Technology, Project Management, and Deposit Operations teams; and spearheading initiatives to further advance the credit union’s position as a leader in serving its over 220,000 members worldwide with exceptional value and trusted expertise.
“We are excited to welcome Jay to our senior management team,” says Rick Stafford, Tower’s President & CEO. “He has an exceptional track record spanning more than 30 years in the technology industry, including 15 years of focused expertise in the financial services sector. He brings a wealth of experience and strategic vision to Tower’s leadership.”

Throughout his career, Russell has consistently demonstrated proficiency in leveraging technology to drive business growth, enhance operational efficiency, and deliver innovative solutions. He has a Master’s Degree in Technology Leadership & Innovation, with a focus on biometric technologies, from Purdue University; a MBA from Loyola University Maryland; and a Bachelor’s Degree in Information Systems from the University of Maryland, Baltimore County.
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