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The Union County College Foundation is proud to honor Victor M. Richel with the 2025 Fiat Lux Award in recognition of his extraordinary leadership, vision, and philanthropic support of UCNJ Union College of Union County, NJ. A distinguished banking executive and civic leader, Mr. Richel, alongside his wife Andrea, has been one of the College’s most steadfast champions, working tirelessly to expand access to education and opportunity for students across Union County.
As Chairman of the UCNJ Board of Trustees, Mr. Richel has played a central role in shaping the College’s strategic vision and academic mission. Under his leadership, UCNJ has advanced equity, innovation, and student success, gaining national recognition as a top 10 community college by the Aspen Institute. Through the Richel Family Foundation, the Richels have generously supported student scholarships, provided critical resources for academic initiatives, and helped ensure the success of every major Foundation event, including the Scholarship Gala, Golf Outing, and the Close the Gap Reception.
In addition to his work with UCNJ, Mr. Richel has led a distinguished career in banking, healthcare, and public service. He served as Chairman and CEO of Statewide Savings Bank and later as Vice Chairman following its merger with Independence Community Bank. His leadership has extended to Elizabethtown Gas, NUI Corporation, and his current roles as Chairman of Dominion Partners, Westminster Properties, and Richel Commercial Brokerage. He has also provided decades of leadership to RWJBarnabas Health Trinitas Regional Medical Center, where he currently serves as Chair of the Board of Trustees.
Mr. Richel’s lifetime of service has earned numerous accolades, including the Ellis Island Medal of Honor, the Caritas Award, the Trustee Leadership Award from the Association of Community College Trustees, and recognition as Hospital Trustee of the Year by the New Jersey Hospital Association.
Mr. Richel exemplifies what it means to invest in the future. His legacy at UCNJ will continue to inspire and empower generations of students to come.
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