People’s Credit Union CEO Ford to retire

 

MIDDLETOWN – Ellen Ford, the longtime CEO of People’s Credit Union, is expected to retire in November. Sean Daly, the credit union’s executive vice president and chief financial officer, will replace her, the credit union confirmed Thursday.

Ford, who also serves as president of the credit union, plans to retire in mid-November, although a date has not been set.

People’s is the fourth-largest credit union in the state, with nearly $500 million in assets as of last year. It has nearly 43,000 members and more than $400 million in deposits, according to the 2019 PBN Book of Lists.

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Ford has been with People’s for 37 years, including the last 17 years as CEO, the credit union said.

Last November, Ford was given the Sandra J. Pattie Distinguished Leadership Award during the New England Women in Banking Conference in Newport. The award honors women who have made outstanding contributions to the banking industry in New England.

In addition to her leadership role at People’s, Ford served on the Credit Union Association of Rhode Island’s board of directors from 2004 to 2014.

She participated in the merger and creation of the three-state Board for the Cooperative Credit Union Association. She was elected to serve on its board of directors.

She also has served on the Federal Reserve Bank of Boston’s Community Depository Institutions Advisory Council.

Scott Blake is a PBN staff writer. Email him at Blake@PBN.com