Title: President and Chief Executive Officer
Company: Lafayette Federal Credit Union
Location: Rockville, Maryland, United States
Basil John Farmakides, President and Chief Executive Officer at Lafayette Federal Credit Union, has been recognized by Marquis Who’s Who Top Executives for dedication, achievements, and leadership in banking and finance.
A renowned banking and financial professional, Mr. Farmakides is highly regarded in the Washington D.C. metropolitan area for his vast knowledge of financial instruments, banking and commercial real estate. Notably, he flourishes in his role as the president and chief executive officer of Lafayette Federal Credit Union. With branches throughout Virginia, Maryland and Washington, D.C., Lafayette Federal Credit Union is one of the premiere financial institutions in the area that seeks to provide members with a safe and convenient place to save while offering loans at rates and terms more favorable than their competition since 1935.
Mr. Farmakides desired to enter a profession in which he could help people and contribute to making the world a better place. Through his roles and responsibilities with the Lafayette Federal Credit Union, he is able to guide people through an economic standpoint and help them reach their savings goals. He cites that each day on the job is educational, as no case is the same. He attributes his career success to teamwork and a great team of colleagues. Alongside his primary endeavors, he is involved with the Children’s Miracle Network and Capitol Area Food Bank. Mr. Farmakides has also been recruited on the regulatory committee for the National Association of Federally-Insured Credit Unions.
Mr. Farmakides earned a Master of Business Administration from James Madison University in Harrisonburg, Virginia as well as a Doctor of Jurisprudence from the American University Washington College of Law. Additionally, he holds series seven and series 63 licenses. Looking toward the future, he envisions himself continuing to run the corporate side of the Lafayette Federal Credit Union and tripling the amount of money that the company brings in and redistributes to help low-income and underserved people in the area. In his spare time, Mr. Farmakides enjoys dedicating quality time to his wife of more than 30 years.
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