News and Information

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.

(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

 

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 26^th 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)

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

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.

 

 

Front (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

 

Leominster, MA –  For the sixteenth 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 620 new and used children’s books.  The books were distributed to the Red Raiders Lending Library program and Leominster Community Coalition.

This year’s event was spearheaded by Nancy Daigle, Kathy Hurley and Rachel Terrell. Since 2009, LCU collected and donated 5,743 books to various agencies.

L-R: John O’Brien, LCU President & CEO; Nancy Daigle, LCU Receptionist; Barbara Abraham, Leominster Community Coalition; Kathy Hurley, LCU HR Generalist; Rachel Terrell, LCU Executive Assistant.

 

 

John O’Brien, President & CEO and Barbara Mahoney, Senior Vice President of All One Credit Union presented Bob Healy with a check for $8,000 as the Premier Sponsor of Starburst 2016.

Starburst is the Leominster’s premier event and will take place on Saturday, June 11, 2016 at Doyle Field. The gates with 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 contacting Jack Hathaway at 978-537-4625.

(L-R) Barbara Mahoney, SVP/LCU, Bob Healy, John O’Brien, President & CEO/LCU

John O’Brien, President & CEO and Carol Perron, Senior Vice President of All One Credit Union presented a check in the amount of $1,000 to sponsor the Veterans Traveling Wall Memorial “The Wall that Heals” event scheduled for this November at Carter Park.

Leominster is a host city for this event. The Wall that Heals is a 250 foot replica of the Vietnam Veterans Memorial. Since its debut in 1996 it has visited nearly 400 U.S. Cities and viewed by over 2 million people. The memorial will be open to the public starting Nov. 3 with a ceremony beginning at 8 a.m. The memorial will remain until the afternoon of Nov. 6. For more information contact the Leominster Veterans Services at 978-534-7538.

(L-R) John O’Brien, President & CEO, LCU; Ralph Sacramone, Robert V. Gudziecki, Post 1807 Commander, Norman T. Melanson, Commander DAV Chapter 24, Joe Firmani, Community Volunteer, Rick Voutour, Veterans Office, Carol Perron, SVP/LCU