Family Trust Federal Credit Union, a $443 million institution based in Rock Hill, S.C., has named Penny Pratt as its next president and CEO.
Pratt, who currently serves as executive vice president and chief operating officer of SAFE Federal Credit Union, a $1 billion institution based in Sumter, S.C., will succeed Lee Gardner, who is retiring on December 31, after leading Family Trust for 37 years.
Pratt will begin her new role as CEO in mid-January 2017.
Pratt has been at SAFE FCU since 2007 when she served as vice president of lending and senior vice president of lending and sales. She formerly worked at Xerox Federal Credit Union (which is now called Xceed Financial Credit Union), a $970 million institution based in El Segundo, Calif.
Pratt earned an undergraduate degree in business administration from State University of N.Y. at Oswego, and a Master of Business Administration and Policy from State University of N.Y.-Empire State College.
"We knew it would be difficult to find a new CEO of Lee Gardner's caliber," Brown Simpson Jr., board chairman at Family Trust, said in a statement. "With Penny, we found a leader who is as strong in strategic planning and operations as she is in employee development and member relations."
