News and Information

LEOMINSTER, MA – The Board of Directors of All One Credit Union recently voted to appoint Joyce G. Leger as a Director. Leger’s appointment results from the vacancy on the Board due to the retirement of former Chairman Anthony Gasbarro.

“We are delighted to have Joyce join the LCU Board of Directors. She and her family have a long history in the local community, and as the daughter of one of LCU’s founders, she has a very personal tie to the Credit Union,” said Michael J. Sauvageau, Chairman of the Board. “We will look to Joyce to offer a fresh perspective on what today’s consumers want from their financial institution.”

Prior to her appointment to the Board, Leger served on the LCU Advisory Committee. She also volunteers her time with several organizations.  Her previous activities include working with the Montachusett Interfaith Hospitality Network, and she co-chaired the Summer Experience of Greater Lowell. She currently serves on the board of the Boys and Girls Club of Greater Lowell.

“Three generations of my family were born and raised in Leominster. I am very excited about the opportunity to be more involved in my home town,” Leger commented.  “My father, Nick Gorgoglione, was a founder of LCU.  I feel that joining the LCU Board offers me a way to both carry on his legacy, and to give back to the local community.”

Leger is the Director of Human Resources at Lantheus Medical Imaging, Inc. in Billerica, MA. She holds a BA from the College of the Holy Cross and an MA from the University of Baltimore.

LEOMINSTER, MA – All One Credit Union was named Credit Union of the Year at the 2017 Cooperative Credit Union Association Annual Meeting and Convention. The CCUA represents credit unions in Massachusetts, New Hampshire, Rhode Island, and Delaware.

LCU also received two additional awards. It was recognized with the Excellence in Advocacy award for its outstanding work with the communities it serves. This award is presented to credit unions that go above and beyond in advocacy and educational outreach in support of credit unions.

The third award for Young Professional of the Year was given to Kathy Hurley, HR Generalist at LCU. This award recognizes the outstanding work of young professionals within the credit union industry. Hurley was recognized for her dedication to the business, including her development of the LCU employee wellness programs, as well as her efforts supporting the needs of employees and the overall business.

“We are honored to have been recognized as the 2017 Credit Union of the Year, and for winning an Advocacy award as well as a Young Professional of the Year award,” said LCU President & CEO John J. O’Brien. “These awards are a great example of our employees working together to improve the financial well-being of our members and to further the credit union cause through our support of our local communities.”

 

Front Row (L-R), Joyce LaFleur, Director; Nancy Graves, Assistant Treasurer.
Middle Row (L-R), John O’Brien, President & CEO ; Giulio Greco, Clerk; Joseph Quintal, Director; Michael Sauvageau, Chairman of the Board; Richard Sheppard, Vice Chairman; Amedeo Bilotta, Director.
Back Row (L-R), Andrew Cousins, Treasurer; Henry Kulik, Director.

 

(L-R) Barbara Mahoney, SVP Human Resources; Kathy Hurley, HR Generalist;
John O’Brien, President & CEO.

LEOMINSTER, MA – The Annual Meeting of All One Credit Union was held on April 18, 2017 at the Credit Union’s Executive and Operations Building in Leominster.

The President’s report presented the financial highlights for 2016. Total assets ending 2016 increased to $643 million from $627 million at the end of 2015. LCU is ranked as the 13th largest credit union in Massachusetts. LCU’s loan portfolio remains strong increasing from $419 million in 2015 to $440 million in 2016. Deposits increased from $436 million in 2015 to $454 million in 2016. With a capital/asset ratio of 8.70%, All One Credit Union is recognized as a Well Capitalized Financial Institution by its regulators.

Following the Annual Meeting, the Board of Directors met and elected officers for 2017-2018.

Michael J. Sauvageau was re-elected to the office of Chairman of the Board. He is a Leominster resident and has been on the Board since 2007. Sauvageau serves on LCU’s Executive Committee.

Richard A. Sheppard was elected Vice Chairman. Sheppard serves on the Executive, Audit, Investment and Compensation Committees.  He is a Sterling resident and has been a member of the Board of Directors since 2005.

Andrew D. Cousins was elected Treasurer. Cousins is a resident of Sterling and joined the All One Credit Union Board of Directors in 2005.  Cousins serves on the Executive, Audit and Compensation Committees.

Nancy L. Graves was elected Assistant Treasurer. Graves serves on the Executive, Credit, Investment, and Advisory Committees. She is a Leominster resident and has served on the LCU Board of Directors since 2004.

Giulio G. Greco, was elected Clerk. Greco has served as Chairman from 1994-1998 and again from 2008-2011. He currently serves on the Executive and Credit Committees. Greco is a lifelong resident of Leominster. He has served on the Board since 1978.

Joining the officers on the 2017-2018 Board of Directors are, Amedeo E. Bilotta of Lunenburg, Bruce J. Bollivar of Holden, Anthony A. Gasbarro of Leominster, Henry C. Kulik, Jr. of Westminster, Joyce A. LaFleur of Leominster and Joseph V. Quintal of Clinton. The Board of Directors is responsible for setting LCU policies.