St. Mary’s Bank Names Successor as Chief Executive for 2023


Announcing the new CEO of the credit union. (Source: Shutterstock)

In January 2023, Ken Senus will become the Chairman and CEO of the nation’s first credit union, St. Mary’s Bank in Manchester, NH

He will succeed Ronald H. Covey Jr., who announced at the credit union‘s annual meeting on April 13 that he plans to retire.

Covey has served as CEO since 2008. During his tenure, the credit union‘s assets grew from $652 million in 2008 to its current assets of $1.4 billion, while membership grew from 74 410 in 2008 to 115,303 at the end of last year, according to NCUA Call Reports.

“In its wisdom, our board began planning for this transition several years ago,” Covey said. “I had the honor and privilege of announcing Ken’s name at the annual meeting. He and I have worked very closely over the past five years.

Ken Senus Ken Senus

Senus has been COO since 2017.

He joined St. Mary’s Bank from the $3 billion Navigant Credit Union in Smithfield, RI, where he was Chief Information Officer.

Senus also worked as an operations and IT manager for the Bank of Rhode Island and as an audit supervisor for Fleet Bank, according to his LinkedIn profile.

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.

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