ALBUQUERQUE, N.M. — The president and CEO of Sandia Area Federal Credit Union is retiring after more than 40 years in the industry.
The credit union announced Friday that president and CEO Scott H. Connely is planning to retire April 1. The company’s board of directors has named Paula J. Peknik as the new president and CEO, according to a news release from the credit union.
Connely began his career in the credit union industry in 1979 at Tulsa Teachers Credit Union in Oklahoma, the release said. He ultimately joined Sandia Area in October 1995. Since Connely’s joined the organization, the credit union’s assets have grown from $79 million to $770 million, and membership has increased to nearly 70,000 members, the release said.