Chief Credit Officer

Steven Heruty

Steven Heruty serves as the Chief Credit Officer at Cross River Bank. Steve brings over 25 years of financial services experience with deep credit risk management expertise across multiple product lines, including mortgages, credit cards, auto loans, and personal and small business loans.  

Steve began his career analyzing data and building statistical models to drive credit card origination strategies at Providian Financial, one of the leading credit card issuers in the United States at the time. He developed risk policy expertise while redesigning lending practices to conform to new regulations, such as Dodd-Frank Mortgage Reform, the CARD Act, FFIEC Account Management Guidelines, and the FDIC Large Bank Pricing Rule. In addition to previously serving at large financial institutions like BlackRock, JPMorgan Chase and Bank of the West, Steve helped to establish the underwriting practice at an early-stage consumer lending start-up. Most recently, as Head of Risk for Colchis Capital's Private Credit business, Steve evaluated new lending platforms and the expansion into new lending markets and segments for the firm's billion-dollar flagship credit fund. Steve earned a BS in Electrical Engineering from Villanova University.