News and Information

All One Credit Union holds Annual Meeting and Election of Officers to the Board of Directors

Posted on August 29, 2018

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

Posted on August 29, 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

Posted on June 20, 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.

All One Credit Union is Premier Sponsor of Starburst 2018

Posted on June 15, 2018

John J. O’Brien, President & CEO and Oscar O’Connor, Vice President of Lending of All One Credit Union presented Bob Healy with a check for $8,000 as the Premier Sponsor of Starburst 2018.

Starburst is the Leominster’s premier event and will take place on Saturday, June 16, with a rain date of Sunday, June 17. It will be held at Doyle Field, in the upper field located on Priest Street. The gates open at 4:30 pm and the first event will begin at 5:00 pm. Entertainment, music and a fireworks extravaganza are all scheduled. Donations for Starburst can be mailed to Starburst, P. O. Box 621, Leominster, MA 01453 or by calling 978-821-4072.

(L-R) Oscar O’Conner, VP/LCU, Bob Healy, John J. O’Brien, President & CEO/LCU

All One Credit Union Donates Books to Local Organizations

Posted on June 15, 2018

Leominster, MA – For the eighteenth consecutive year, All One Credit Union was pleased to participate in Children’s Book Month, an annual event sponsored by the Cooperative Credit Union Association.

During the month of April LCU members and employees collected donations of 895 new and used children’s books. The books were distributed to the Red Raiders Lending Library program, Leominster Community Coalition and local organizations.

L-R; Erin Vasington, Red Raiders Lending Library; Kathy Hurley, LCU HR Manager; John O’Brien, LCU President & CEO; Barbara Abraham, Leominster Community Coalition; Nancy Daigle, LCU Receptionist; Rachel Terrell, LCU Executive Assistant

All One Credit Union Helps Eligible Homebuyers with Down Payment and Closing Cost Assistance

Posted on April 11, 2018

All One Credit Union announces that for the seventh year in a row, they will be providing up to $110,000 in assistance to first-time homebuyers and displaced homemakers through the Federal Home Loan Bank’s Equity Builder Program. Eligible homebuyers can receive up to $11,000 in down payment and closing cost assistance. This program is on a first come, first serve basis.

To qualify, buyers are subject to credit approval and must meet the Equity Builder Program qualifications criteria, which include income limits. According to Julie Bergstrand, Real Estate Underwriting Manager, “The maximum income limit for a family of four in Worcester is $68,650.00, which is less restrictive than many would expect.”

“For many first time buyers, this assistance can make a difference in fulfilling their dream of homeownership,” said Bergstrand.

Income limits vary from county to county. For more information and eligibility guidelines, call and speak with a mortgage specialist at 978-466-7233. The funds will be distributed until the grant is depleted.