Capitola, CA – July 25, 2025 - Bay Federal Credit Union is proud to announce the return of Ray Diep as Assistant Vice President of Finance. A seasoned financial professional with deep institutional knowledge and a longstanding commitment to the credit union mission, Mr. Diep rejoins the organization after a three-year tenure at another financial institution.

Mr. Diep originally began his career at Bay Federal in 2011 and held several integral positions during his tenure through 2022, including Finance Manager and Treasury Manager. In his new role, he will oversee financial operations and strategy with a focus on long-term sustainability and community impact.

Mr. Diep holds a Bachelor of Science degree with a double major in Finance and Economics from Santa Clara University. His academic foundation and years of hands-on financial leadership equip him with the expertise to navigate the evolving financial landscape while supporting Bay Federal’s continued growth.

“I’m excited to be rejoining Bay Federal Credit Union and grateful for the opportunity to return, reconnect, and contribute once again to a team and mission I truly believe in,” said Mr. Diep.

Outside of his professional responsibilities, Mr. Diep enjoys traveling and exploring the outdoors with his spouse and three children. Whether it’s discovering new destinations or biking on local trails, he values quality time spent in nature with family.

“We are thrilled to welcome Ray back to Bay Federal,” said Carrie Birkhofer, Bay Federal President and CEO. “His dedication, leadership, and familiarity with our values make him a tremendous asset to our team.”

About Bay Federal Credit Union

Bay Federal Credit Union is a full-service, not-for-profit financial institution that serves over 94,000 members and 2,700 local businesses and nonprofit organizations throughout Santa Cruz, San Benito, and Monterey counties. With more than $1.7 billion in assets, Bay Federal is the largest member-owned financial institution in the region. The organization has been proudly serving its members and the community since 1957. Bay Federal is a certified Community Development Financial Institution, with a primary mission of promoting community development alongside their financial activities. Bay Federal has an award-winning employee volunteer program in which employees have given their own money and volunteer for numerous local schools, nonprofit organizations, and community events each year.