The Board of Trustees of Ulster Savings Bank in Kingston, New York, has appointed Joe Ely as its new chairman. Ely has chaired the Risk Committee, the Audit Committee and served as a former chair of the Ulster Savings Charitable Foundation during his 14 years as a bank trustee. He retired recently after serving in numerous engineering, program management and executive roles in a wide range of other intensive technology businesses.
Ely earned a Bachelor of Science degree in electrical engineering from the University of Harford, and a Master of Science degree in engineering science from Rensselaer Polytechnic Institute. He previously held national and New York state securities and insurance licenses.
His professional involvement included membership in the Institute of Electrical and Electronics Engineers and the Project Management Institute. He has served as an advisor on the Payment Card Industry Security Standards Council, the I-95 Corridor Coalition, and OmniAir payment interoperability. He was also granted a U.S. patent.
A resident of Rhinebeck, Ely has served on the Rhinebeck Technology Committee and the Cable Franchise Board of Control. He’s been involved with other community organizations including the Southlands Foundation, Little League Softball, Neighbor’s Gun Club, Mensa, and Intertel.
Headquartered in Kingston, Ulster Savings Bank is a Mutual Savings Bank with assets of $1.3 billion and 15 branches located in Kingston, Lake Katrine, Gardiner, Hyde Park, New Paltz, Newburgh, Phoenicia, Poughkeepsie, Red Hook, Saugerties, Stone Ridge, Wappingers Falls and Woodstock. Additional mortgage lending offices are located in Orange, Dutchess and Westchester counties.
