St. Mary's Bank Names Successor CEO for 2023
Ken Senus will take the helm after Ronald Covey retires.
In January 2023, Ken Senus will become the president/CEO of the nation’s first credit union, St. Mary’s Bank in Manchester, N.H.
He will succeed Ronald H. Covey Jr., who announced at the credit union’s April 13 annual meeting that he plans to retire.
Covey has served as CEO since 2008. During his tenure, the credit union’s assets have grown from $652 million in 2008 to its current assets of $1.4 billion, while membership has expanded from 74,410 in 2008 to 115,303 at the end of last year, according to NCUA Call Reports.
“In their wisdom, our board of directors started planning for this transition several years ago,” Covey said. “It was my honor and privilege to announce Ken’s name at the annual meeting. He and I have been working very closely over the past five years.”
Senus has served as COO since 2017.
He joined St. Mary’s Bank from the $3 billion Navigant Credit Union in Smithfield, R.I., where he was chief information officer.
Senus also worked as operations and IT director for the Bank of Rhode Island and as an audit supervisor for Fleet Bank, his LinkedIn profile showed.
St. Mary’s Bank, which opened in 1908 and is New Hampshire’s third largest credit union by assets, employs 288 people who operate 11 branches and a mortgage center.