November 16, 2023 | Press Release

COCC Elects New Board Member

COCC welcomes Derrik R. Wynkoop, President & CEO of Walden Savings Bank, to the Board of Directors.

SOUTHINGTON, Conn. – During the 2023 COCC Annual Shareholders’ Meeting in October, COCC proudly announced that Derrik R. Wynkoop, President & CEO of Walden Savings Bank has been elected to the cooperative’s Board of Directors.

As a client owned cooperative, COCC’s profitability and growth is invested in technology to benefit our clients at the direction of our Board of Directors, which includes nine client CEOs from a variety of diverse financial institutions throughout our marketplace, as well as COCC’s Chairman and CEO, Richard A. Leone. As a member of the Board, Mr. Wynkoop will serve on the Risk Management and Audit Committees.

Walden Savings Bank, headquartered in Montgomery, New York, stands as the 10th oldest federally chartered mutual savings bank. Operating 11 full-service branches across the Hudson Valley region, the bank offers tailored financial solutions to individuals and mid-size businesses, while maintaining $863 million in assets, solidifying its position as a pillar of financial stability.

“I am thrilled and honored to be elected to the Board of Directors of COCC,” said Derrik R. Wynkoop, President & CEO of Walden Savings Bank. “As a mutual bank, Walden Savings Bank and COCC share similar philosophies on their approach to maximizing customer and client experiences. I look forward to assisting this industry-leading fintech provider in crafting strategies that will benefit and propel COCC financial institutions to new heights.”

Derrik Wynkoop’s impressive career spans various leadership roles in the financial sector. Prior to joining Walden Savings Bank in 2011, he served with Hudson Valley Credit Union, holding positions such as Chief Financial Officer and Vice President of Retail Delivery & Marketing. Mr. Wynkoop’s previous experiences include his role as Chief Financial Officer and Vice President of Marketing at Walden Federal Savings & Loan. He also served as President of the bank’s Ever-Green Financial Services. In addition, he currently serves on the Board of Directors of the New York Bankers Association and represents all New York banks on the American Bankers Association’s Government Relations Council, influencing legislative priorities.

Mr. Wynkoop’s commitment to his community is evident through his involvement in various organizations. He has held leadership positions with the Community Foundation of Orange and Sullivan County, SUNY Orange Foundation, Orange County Partnership, and the Hudson Valley Patterns for Progress Board of Directors. He has also contributed significantly to academia, holding adjunct professor positions at Mount Saint Mary College and Marist College.

“We are thrilled to welcome Derrik Wynkoop to the COCC Board of Directors,” said Richard A. Leone, Chairman, Chief Executive Officer, and President of COCC. “His industry expertise, commitment to the community, and leadership in the financial industry make him a valuable addition to our Board. We look forward to his contributions in guiding COCC’s continued success.”

Mr. Wynkoop’s election to the Board comes in tandem with the retirement of David J. Hemple, Chairman of Century Savings Bank. Mr. Hemple served with distinction on COCC’s Board for seven years in diverse roles and on numerous committees, most recently as chairman of the Planning & Finance Committee since 2020.


About Walden Savings Bank

Walden Savings Bank, established in 1872, is the 10th oldest federally chartered mutual savings bank and is headquartered in Montgomery, N.Y. With a total of 11 full-service branches serving Orange and Ulster Counties and a Loan Production office in Dutchess County, the Bank’s progressive style of community banking provides products that cater to both the individual and the growing mid-size business. Walden Savings Bank is rated 5 Stars by Bauer Financial, the nation’s leading and most respected financial institution analyst. In addition, Walden Investment Services, located at Walden Savings Bank, offers personalized advice for financial planning.


About COCC

As an industry-leading fintech provider, COCC delivers innovative, comprehensive technology solutions and strategic partnerships with an unparalleled focus on service. Offering a robust, feature-rich suite of modern, standards-based core and digital banking solutions, COCC’s cutting-edge systems are designed with intuitive user interfaces and are fortified by advanced APIs which seamlessly facilitate leading fintech integrations. Consistently ready to adopt and embrace emerging technologies, COCC remains agile and forward-thinking, meeting the demands of a rapidly evolving financial landscape where live real-time functionality matters. COCC is forever dedicated to assisting community banks and credit unions with remaining strong and competitive by providing the technology, support, and expertise needed to succeed. To learn more, visit

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