Michael J. Lord, President and CEO of State Employees’ Credit Union, will retire on August 31 and will remain in his current position as the credit union moves to his successor.
The credit union board of directors has begun a nationwide search with the help of Russell Reynolds Associates, a search firm with experience in the credit union industry.
Lord joined SECU in 1975, held many leadership roles, and helped the organization navigate numerous changes affecting the credit union and financial services industry. Before being named president and CEO in 2016, Lord was SECU’s chief financial officer for over 30 years.
The credit union has four wholly-owned subsidiaries, including a life insurance company, a real estate management company, a registered investment advisor, and a broker and dealer subsidiary.
In addition, the SECU Foundation, funded by SECU members, works to meet the community’s needs in housing, education, health and human services.
The credit union expects to have a new CEO when Lord retires.