The Board of Directors of Leominster Credit Union (LCU) has appointed Paul D. Gilbody as President and CEO. Gilbody succeeds Gordon R. Edmonds who served as President and CEO since 2007. Edmonds retired from the credit union on September 30.
Gilbody brings with him 25 years of diversified banking experience. Most recently, he held the position of EVP, Chief Operating Officer and Senior Lender at Bay State Savings Bank in Worcester, where he worked for the past 15 years. He was responsible for the Bank’s Commercial Lending, Operations, and Retail divisions. Prior to Bay State, Gilbody served as a Vice President at Fleet Bank.
Paul D. Gilbody
“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 towards their goals, and he has a sincere commitment to the community banking philosophy. We believe his expertise in the critical areas of bank operations and administration will allow him to make a positive impact at LCU.”
“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.”
In addition to his work in financial services, Gilbody serves on the Board of Devereux, a non-profit, behavioral health organization that supports underserved and vulnerable members of the community, and the Central Massachusetts Workforce Investment Board, which oversees and implements local workforce development initiatives.
“A key goal of LCU’s mission is to give back to the community,” said Gasbarro. “It was important to the Directors to appoint a leader who shares this value. Paul has demonstrated a commitment to community service, and we know that under his direction, LCU will continue to be an advocate for the needs of our local communities.”
A graduate of Babson College, Gilbody earned a BS in Finance, Investments and Quantitative Methods. He also attended the BAI School for Executive Bank Management at Emory University.
Gilbody is a resident of Shrewsbury, MA, where he lives with his wife Monica and their two daughters.