Leominster Credit Union has appointed Paul D. Gilbody president/CEO of the Leominster, Mass.-based credit union. Gilbody succeeds Gordon R. Edmonds who served as president/CEO since 2007. Edmonds will retire from the credit union on Sept. 30.
Gilbody brings with him 25 years of diversified banking experience. Most recently, he held the position of executive vice president, chief operating officer at Bay State Savings Bank in Worcester, Mass., where he worked for the past 15 years. Prior to Bay State, Gilbody served as a vice president at Fleet Bank.
“We are pleased to have found someone of Paul’s caliber and with all the qualifications that he brings to the credit union,” said Anthony A. Gasbarro, chairman of the board. “He has a proven track record of effectively leading organizations toward their goals, and he has a sincere commitment to the community banking philosophy.”
“I am excited to join the Leominster Credit Union team. LCU has a great reputation in the market place,” Gilbody said. “LCU prides itself on providing personalized service to its members, and it was LCU’s strong service culture that first attracted me to the position. I look forward to working with the board, management team and employees to continue to shape the direction of LCU’s future.”
Gilbody earned a bachelor’s degree in finance, investments and quantitative methods. He also attended the BAI School for Executive Bank Management at Emory University.
LCU has nearly 50,000 members and more than $600 million in assets.