E. Michael Gudely has been hired as the new president/CEO of Southeastern Federal Credit Union.
Gudely will officially take the helm at the $185 million credit union in Valdosta, Ga., on Nov. 4.
He succeeds Darryl Wood, vice president of lending, who served as interim president/CEO after Delbert Lee Morgan resigned after more than 10 years of service. Morgan was hired in July as president/CEO at the $267 million Martinsville DuPont Credit Union in Martinsville, Va.
Gudely brings more than 28 years of experience in the financial services industry to his new role. Most recently, he served as the president/CEO of Innovative Business Solutions LLC, a business lending CUSO in Fort Mill, S.C.
During the last four and a half years of his tenure, IBS underwrote $150 million in member business loans with zero delinquencies, according to Southeastern FCU.
Prior to his work there, Gudely served as president/CEO of Carolina Commerce Bank in Gaston County, N.C., where his leadership turned an underperforming community bank into a profitable one, the credit union said.