All One Credit Union, on behalf of the Cooperative Credit Union Association, Inc., is pleased to announce the 2019 College Scholarship Program. College bound students have the opportunity to be the recipient of one of six (6) $1,500 scholarships being awarded in 2019. For pertinent information, eligibility requirements and to download an application click here. Best of luck to all our applicants!
News and Information
Two Free Homebuyers’ Seminars
Leominster, MA –All One Credit Union is holding two free homebuyers’ seminars this fall. Mortgage seminars will be held Wednesday, October 24, 2018 at the 910 West Boylston Street, Worcester branch and Wednesday, November 7, 2018 at LCU headquarters, 18 Adams Street, Leominster. Both seminars are scheduled from 6:00pm – 7:30pm.
LCU Homebuyers Seminars will address the specific needs of most homebuyers including first time buyers, buyers moving after owning for several years, or buyers entering the market after having credit issues in the past. A team of real estate experts including a realtor, attorney and financing professionals will present the program. Topics will include: Are you ready to buy a home; Finding Your Dream Home; Obtaining Financing; and the Closing Process. Attendees will learn about the costs associated with homeownership; how your credit affects your options; making an offer and negotiating the price; the inspection process; and closing.
“The process of buying a home can be daunting. Making the right choices can help set you up for the rest of your life,” said Lydia Vazquez, Assistant Vice President, Real Estate Lending. “The seminars will help break down the entire process. Our goal is to enable the attendees to be well prepared; to have realistic expectations and to avoid costly mistakes.”
Matt Dufault, AVP Retail Lending added, “We’d like to encourage people re-entering the home-buying market after having some credit difficulties to attend. Situations such as a job loss, divorce, illness, bankruptcy or foreclosure can hurt your credit and affect your ability to buy a home. We’ve seen a number of applicants who once had excellent credit now finding themselves in the unfamiliar position of struggling to get approved for a mortgage loan due to an unusual circumstance or one-time event. This seminar will not only give you the basics of buying a home, but also the opportunity to establish a plan with one of our lenders for home ownership based on your personal situation.”
LCU has programs available for not only for first time home buyers, but for any buyer who needs help getting mortgage-ready. Borrowers may be able to qualify for a mortgage much sooner than they expected.
Seating is limited and registration is required. Register online: West Boylston Street-10.24.18 event – bit.ly/FTHB-WBS102418; Leominster-11.07.18 event – bit.ly/FTHB-LEO110718 or visit Leominstercu.com.
910 West Boylston Street, Worcester, MA
Wednesday, October 24, 2018
6:00PM – 7:30PM
LCU Headquarters, 18 Adams Street, Leominster, MA 01453
Wednesday, November 7, 2018
6:00PM – 7:30PM
Founded in 1954, All One Credit Union (LCU) is a member-owned, not-for-profit financial cooperative with a full range of deposit, lending and other financial services. Headquartered in Leominster, Massachusetts, LCU is proud to claim nearly 50,000 members and more than $700 million in assets. LCU has seven branch locations in Leominster, Worcester, Clinton, Holden, Sterling and North Leominster with ATM services at all branch locations. LCU also provides 24 hour banking via Mobile and Online services. Visit leominstercu.com or call 800-649-4646.
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Lisa Zorn Promoted to Indirect Lending Manager
All One Credit Union announces that Lisa Zorn has been promoted to Manager of Indirect Lending. Zorn will be responsible for the management of all aspects of the Indirect Lending Department.
Zorn who has more than 15 years of experience in the financial industry, joined the Credit Union in 2015 as Indirect Lending Underwriter. Most recently Zorn worked for GFA as an Underwriter of Indirect and Direct Lending. She brings with her extensive knowledge and expertise in the lending, loan servicing and the mortgage arenas. Lisa currently resides with her family in Fitchburg, MA.
Lisa Zorn
All One Credit Union holds Annual Meeting and Election of Officers to the Board of Directors
The Annual Meeting of All One Credit Union was held recently at the Credit Union’s Executive and Operations Building in Leominster.
The President’s report presented the financial highlights for 2017. Total assets ending 2017 increased to $677 million from $643 million at the end of 2016. LCU is ranked as the 14th largest credit union in Massachusetts. LCU’s loan portfolio remains strong increasing from $440 million in 2016 to $488 million in 2017
Following the Annual Meeting, the Board of Directors met and elected officers for 2018-2019.
Michael J. Sauvageau, Chairman of the Board. Sauvageau has been on the Board since 2007. Sauvageau serves on LCU’s Executive Committee.
Richard A. Sheppard, Vice Chairman. Sheppard serves on the Executive, Audit, Investment and Compensation Committees. He has been a member of the Board of Directors since 2006.
Nancy L. Graves, Treasurer. Graves serves on the Executive, Credit, Investment, and Advisory Committees. She has served on the LCU Board of Directors since 2004.
Giulio G. Greco, Clerk. Greco has served as Chairman from 1994-1998 and again from 2008-2011. He currently serves on the Executive, Compensation, Credit and Advisory Committees. Greco has served on the Board since 1978.
Joining the officers on the 2018-2019 Board of Directors are, Amedeo E. Bilotta, Bruce J. Bollivar, Joyce G. Leger, Henry C. Kulik, Jr., Joyce A. LaFleur and Joseph V. Quintal. The Board of Directors is responsible for setting LCU policies.
Andrew D. Cousins retired from the Board this year. Cousins served as Treasurer and had been on the LCU Board since 2005. Andrew and his knowledge of our community was a wonderful asset to our Board and we thank him for his leadership. Nancy L. Graves was voted Treasurer following Cousins retirement. Nancy L. Dube will be joining the Board of Directors, filling the vacant seat. Nancy Dube is a dedicated Human Resource Consultant with over 30 years’ of experience. Her background includes work in retail management, direct sales, manufacturing, government, medical, high-tech, aerospace, non-profit and family business. Nancy’s knowledge and skills will add great value to the All One Credit Union Board of Directors.
Fall Shred-A-Thon scheduled for September 15, 2018
All One Credit Union will hold a Shred-A-Thon at its 910 West Boylston Street, Worcester, MA location on Saturday, September 15, 2018 from 9:00AM – Noon.
Members and non-members can get rid of old, sensitive documents by shredding and recycling them at the Shred-A-Thon. All items will be shred on site by a secure shredding service, New England Security Shredders.
Members of the community can bring up to three legal size file boxes or three 13-gallon kitchen trash bags to be shred for free. However, we will be accepting donations to Habitat for Humanity during the event. The Shred-A-Thon helps raise awareness about recycling and of course the importance of shredding personal documents to protect against identity theft.
Important documents to bring to the Shred-A-Thon include bank statements, tax returns, medical bills, credit card statements and other personal documents.
For more information contact Joanne Lattanzi, AVP/Marketing at 978-466-7240 or marketing@all-onecu.com.
Important Information: Your Interest Paid Cycle may change effective August, 2018
Currently, the cycle for determining when interest is being paid on certain accounts differs from their statement cycle. For your convenience, and to simplify the calculation of interest paid cycles, if the interest on your account is currently paid on a date that is different from your statement cycle, going forward we will be adjusting the interest paid date to coincide with your statement cycle.
This change will occur once the interest for the current cycle has been paid. For those individuals whose interest cycles will be changing, you will receive interest as of your Current Interest Cycle and again on the New Interest Cycle (which will be less than a full month’s interest). Thereafter, your interest will be paid according to the New Interest Cycle, which will be the same day as your Statement Cycle and will be a full month’s interest. These changes will not result in your account losing any interest it has earned and that you are entitled to receive.
To find out if your account will be part of this change in August 2018, view the detailed account matrix. All other accounts/products are processing interest in accordance with their respective statement cycles.
If you have any questions or concerns regarding this change please call our Member Service Center at 800-649-4646 and they will be happy to assist you.
