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News and Information

Stephanie Hyles Joins All One Credit Union

Posted on October 31, 2016

Leominster, MA- LCU announces that Stephanie Hyles has joined the Credit Union as Senior Vice President, Chief Strategy Officer. The CSO is a new position at LCU. Hyles will be responsible for ensuring that the Credit Union provides the optimum products, services, technology and organizational structure to meet its members’ needs. Hyles will report to John O’Brien, President and CEO and will serve as a member of the senior management team.

“As the financial industry continues to evolve, we remain focused on making changes to best serve our members,” O’Brien said. “These changes include new and improved technology and products as well as the right staffing and skill sets to achieve these goals. We have created the role of Chief Strategy Officer to drive these initiatives by focusing on our delivery channels and continuously examining All One Credit Union’s mission and vision to address critical business strategies. We are delighted to have someone with Stephanie’s breadth of expertise join LCU in this pivotal position.”

Hyles comes to LCU with more than 30 years of information technology and financial industry experience where she has focused on supporting credit unions to remain relevant and competitive in an evolving and highly competitive industry. Most recently she served as the Vice President of IT at Direct Federal Credit Union.

“LCU is well-known for its high-quality service and products, as well as its commitment to the community. I am excited by the opportunity that this position offers me to direct the management of our Strategic Plan and to ensure that LCU’s vision and promise to our members are at the forefront of all we do,” said Hyles.

Hyles is a long-time resident of Lancaster where she lives with her husband and son. She is an active supporter of the Circle of Learning Program at the Doctor Franklin Perkins School in Lancaster which helps pre-teens and teens with developmental disabilities to gain social skills. She also recently served on the Fiserv Spectrum Client Advisory Board.
stephanie-hyles_

Filed Under: News and Information

LCU to hold Fresh Start Mortgage and First-time Homebuyer seminars in October.

Posted on September 28, 2016

All One Credit Union is holding two free homebuyers’ seminars in October. The Fresh Start Mortgage Seminar will be held on Wednesday, October 19 and a First Time Homebuyers’ Seminar on Wednesday, October 26.  Both will be held at LCU headquarters, 18 Adams Street, Leominster from 6:00pm – 7:30pm.

The Fresh Start Mortgage seminar will address the specific needs of prospective homebuyers who either have a lack of credit or have had past credit issues. Experts in all areas of budgeting, credit, mortgage, and legal will be present to help attendees.  Participants will learn to create a budget, address their credit issues, and determine the steps needed for home ownership.  To register for this seminar visit http://bit.ly/FreshStartLCU

 According to Matt Dufault, AVP of Mortgage Origination at LCU, “Situations such as a job loss, bankruptcy, foreclosure, divorce, or illness can ruin your credit and your ability to buy a home. These situations have become prevalent due to the economic conditions over the past several years. We’ve seen a number of applicants who once had an excellent credit rating who have found themselves in the unfamiliar position of struggling to get approved for a mortgage loan because of an unusual circumstance or one-time event.”

Dufault also stated, “There was a time when a bankruptcy or other similar circumstance meant a person would not be able to obtain financing for several years. LCU’s Fresh Start Mortgage Program was designed for people who are getting back on their feet following a negative financial event.”

The First Time Homebuyer’s seminar will have a team of real estate experts including a realtor, attorney and financing professionals present the program. Topics will include ‘Are you ready to by 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.  To register for this seminar visit http://bit.ly/FirstTimeHomebuyerFall

LCU has programs available for not only for first time home buyers, but any buyer who needs help getting mortgage-ready. Borrowers may be able to qualify for a mortgage much sooner than expected.

 

Filed Under: News and Information

Annual Fall Shred-A-Thon Scheduled for Oct. 1

Posted on September 6, 2016

All One Credit Union will hold a Shred-A-Thon at its 910 West Boylston Street, Worcester, MA location on Saturday, October 1, 2016 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, Marketing Manager 978-466-7240 or marketing@all-onecu.com

Filed Under: News and Information

All One Credit Union Participates in the Greening the Gateway Cities Program

Posted on July 18, 2016

Leominster, MA – July, 2016 – All One Credit Union (LCU) is proud to participate in the Greening the Gateway Cities Program (GGCP). LCU provided an area where nine trees were planted as part of the program along with a two year commitment to care for the trees.

This GGCP program is an environmental and energy efficiency program is designed to reduce household heating and cooling energy use by increasing tree canopy cover in urban residential areas in the state’s Gateway Cities.  GGCP is a partnership between the Executive Office of Energy and Environmental Affairs (EEA), the Department of Conservation and Recreation (DCR) Urban & Community Forestry Program, the Department of Energy Resources (DOER) and the Department of Housing and Community Development (DHCD), along with Gateway Cities and local grassroots organizations. The program plants trees (ranging from 6ft to 10ft tall) with a goal of covering 5-10% of the target neighborhoods in new tree canopy cover.

Leominster was one of the 26 cities selected to be a part of this program.

TreePlanting2016a

(L-R Front) Cameron Cardwell, DCR; Mike Crowley, DCR; Anthony Cunha, DCR; Mychelle Phillips, LCU; Larissa Parse, DCR; Roland Paquette, LCU; Barbara Mahoney, LCU; Kathy Hurley, LCU

 

Filed Under: News and Information

All One Credit Union Presents Certificate of Achievement to Lily Moran, Finalist in Mass. Credit Union Essay Contest

Posted on June 30, 2016

June, 2016 (Leominster, Mass.) — Lily Moran, a student at the Clinton Middle School, sponsored by All One Credit Union, was named a finalist in the 26th annual Massachusetts Credit Union Student Essay Contest, sponsored by the Cooperative Credit Union Association, Inc. (“CCUA”). An award ceremony for the students was held in the prestigious Great Hall at the State House in Boston.

The awardees—all students in either the seventh or eighth grade—along with parents, family members, teachers, and their credit union sponsors, were recognized with a special luncheon, State House tour, monetary awards, citations from Governor Charlie Baker and plaques presented by their local lawmakers. The finalists each received $250.

CCUA President Paul Gentile kicked off the day’s ceremony by welcoming the students and their families, noting that the essays reflected many of the core values cherished by all credit unions, from financial literacy to the most common credit union principle, “People Helping People.”

“The ability to motivate people, help them and change things through the power of your writing talents is a most valuable skill—one that will serve you and others very well in your future careers,” said Gentile, in encouraging the students to continue to master their writing talents.

Massachusetts Commissioner of Banks David Cotney was the guest speaker at the ceremony. As head of the agency that oversees the supervision of more than 200 banks and credit unions with total combined assets in excess of $400 billion, Cotney applauded the students for their writing achievements and invited all present to consider who among these students, because of their outstanding writing talents, will become the next scientist, lawyer, teacher, or possibly, even a public servant like a banking commissioner.

This year’s essay contest winner and finalists, along with their sponsoring credit unions, are:

Winning Entry: Natalie Barros, Jeanne D’Arc Credit Union (Lowell)

Other Finalists included:

Taryn Dineen, City of Boston Credit Union (Boston)

Christopher Dupuis, St. Anne’s Credit Union (Fall River)

Hadiya Giwa, Worcester Credit Union (Worcester)

Lily Moran, All One Credit Union (Leominster)

Kerri Horan, Methuen Federal Credit Union (Methuen)

Erin Shenk, IC Federal Credit Union (Fitchburg)

Angela Truong, Metro Credit Union (Chelsea)

Lily Moran-2016 Essay winner

(L-R) Barbara Mahoney, LCU Senior Vice President, Lily Moran, Ellen Coughlin, LCU HR Manager

Filed Under: News and Information

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

Posted on June 20, 2016

LEOMINSTER, MA – The Annual Meeting of All One Credit Union was held on April 19, 2016 at the Credit Union’s Executive and Operations Building in Leominster.

The President’s report presented the financial highlights for 2015. Total assets ending 2015 increased to $627 million from $621 million at the end of 2014. LCU is ranked as the 14th largest credit union in Massachusetts. LCU’s loan portfolio remains strong increasing from $408 million in 2014 to $419 million in 2015. Deposits decreased slightly from $443 million in 2014 to $436 million in 2015. With a capital/asset ratio of 8.61%, All One Credit Union is recognized as a Well Capitalized Financial Institution by its primary regulator, the Massachusetts Division of Banks.

Following the Annual Meeting, the Board of Directors met and elected officers for 2016-2017.

Michael J. Sauvageau was 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 and Investment Committees.

Giulio G. Greco, was elected Vice Chairman. 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.

Henry C. Kulik, Jr. was elected Treasurer. Kulik is a resident of Westminster and joined the All One Credit Union Board of Directors in 2011. Kulik serves on the Executive and Audit Committees.

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

Anthony A. Gasbarro was elected to the position of Clerk. Gasbarro served as Chairman from 2012–2015 and has been on the Board of Directors since 2003. He serves on the Executive, Credit, Investment, Compensation and Advisory Committees. Gasbarro resides in Leominster.

Joining the officers on the 2016-2017 Board of Directors are, Amedeo E. Bilotta of Lunenburg, Bruce J. Bollivar of Holden, Nancy L. Graves of Leominster, Joyce A. LaFleur of Leominster, Richard A. Sheppard of Sterling and Joseph V. Quintal of Clinton. The Board of Directors is responsible for setting LCU policies.

 

 

LCUBoard_2016Front (L-R) Michael J. Sauvageau, Chairman; Giulio G. Greco, Vice Chairman;

Back (L-R) Anthony A. Gasbarro, Clerk; Henry C. Kulik, Jr. Treasurer; Andrew D. Cousins, Asst. Treasurer

 

Filed Under: News and Information

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