News and Information

The employees of All One Credit Union donated $350 to Kylee’s Kare Kits for Kids by holding a “Jeans Day”. Throughout the year,  employees pay to wear jeans to work and the funds raised are donated to various organizations.

Kylee McCumber is eleven years old and a fifth grader at Southeast School in Leominster, MA.  In September of 2012 she started Kylee’s Kare Kits for Kidz to help children who did not have enough food at home on the weekends.

Maila Berry of All One Credit Union was at a Montachusett Area Rotary Club meeting the day Kylee and her grandmother were the guest speakers. Maila was so impressed with this young girls drive and caring spirit that she returned to LCU and proposed Kylee’s organization be put on the list as a recipient of a Jeans Day.  Naturally the employees jumped on board.

Currently Kylee’s Kare Kits for Kiz provides food every weekend for children in the Leominster public school system. Each Friday the children receive a kare kit that includes cereal, juice, fruit cups, applesauce, pudding, macaroni & cheese, Chicken noodle soup, Chef Boyardee or Spaghettios products, granola bars, fruit snacks, peanut butter crackers…. The contents of the kare kits vary week to week depending upon what they can purchase on sale or what may have been donated that week.

If you would like contribute contact Kylee at kyleeskarekitsforkidz1@gmail.com or by mail to Kylee’s Kare Kits for Kidz 68 Main Street #564 Leominster, MA 01453.

The Annual Meeting of All One Credit Union was held on April 16, 2013 at the Credit Union’s Executive and Operations Building in Leominster.

The President’s report presented the financial highlights for 2012. Total assets ended 2012 at $608 million which was slightly below the $614 million level at the end of 2011. LCU maintained its position as the 13th largest credit union in Massachusetts. LCU’s loan portfolio remains strong increasing from $332 million in 2011 to $348 million in 2012. Deposits grew 2.75% from $462 million in 2011 to $475 million in 2012. With a capital/asset ratio of 9.79%, All One Credit Union is recognized as a Well Capitalized Financial Institution by its primary regulator, the Massachusetts Division of Banks. We remain a profitable institution with net income of $1.2 million for 2012.

Among the Financial Education and community support initiatives that LCU participated in 2012 was a day-long conference for college students, Finding Easy Street-A Life Skills Conference. The conference was organized and designed by LCU employees and held at Assumption College.  The conference received favorable reviews and will be an ongoing initiative for other local colleges.

Following the Annual Meeting, the Board of Directors met and elected officers for 2012-2013.

Anthony A. Gasbarro was elected to the office of Chairman of the Board. He is a Leominster resident and has been on the Board since 2003. Gasbarro also serves on LCU’s Executive, Audit, Investment, Compensation and Advisory Board Committees.  Gasbarro succeeds Amedeo E. Bilotta as Chairman of the Board.   

Michael J. Sauvageau was elected Vice Chairman. He currently serves on the Executive, Audit and Investment Committees. He has served on All One Credit Union’s Board of Directors since 2007 and resides in Fitchburg.

Giulio G. Greco, who is a past Chairman of the Board, was elected Treasurer. He serves on the Executive, Audit and Advisory Board Committees.  Greco is a lifelong resident of Leominster

Joyce A. LaFleur was elected Assistant Treasurer.  LaFleur joined the All One Credit Union Board of Directors in 2007. LaFleur resides in Leominster and prior to her joining the Board of LCU, she was a member of LCU’s Advisory Board.  LaFleur sits on the Executive, Credit, Compensation and Advisory Board Committees.

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

Joining the officers on the 2012-2013 Board of Directors are, Amedeo E. Bilotta of Lunenburg, Bruce J. Bolivar of Holden, Andrew D. Cousins of Sterling, Henry C. Kulik, Jr. of Westminster, Joseph V. Quintal of Clinton and Richard A. Sheppard of Sterling. The Board of Directors is responsible for setting LCU policies.

The Board of Directors of All One Credit Union has appointed John J. O’Brien President and CEO. O’Brien will assume the role from Carol A. Southworth who has served as interim President and CEO since January.

O’Brien joined LCU in 2007 as Senior Vice President of Lending where he was responsible for the credit union’s real estate, consumer, and indirect lending programs, as well as its loan servicing and collections operations. O’Brien has more than 30 years of experience in the financial services industry and previously worked in operations, sales and planning capacities at Household International, and HSBC after it acquired Household.

“The Board is extremely pleased with the appointment of John O’Brien as President and CEO,” said Anthony A. Gasbarro, Chairman of the Board.  “By selecting a candidate of John’s caliber from inside the Credit Union, not only did we find someone with great leadership and management skills, but one who knows the organization very well and who,  as a member of the Executive Team,  has helped establish its goals and strategic direction throughout  the past five years.”

“I am truly honored to have been named as President and CEO of such a great institution as All One Credit Union,” said O’Brien. “Over the past 5 years, I’ve had the pleasure of working with an outstanding team who is truly dedicated to making the Credit Union the best it can be.  I believe that because of this talented and committed staff, my transition to President and CEO will be virtually seamless to the members and communities we serve.”

“One of LCU’s most important goals is to give back to the community,” said Gasbarro.  “The Directors wanted a President who is active in our local area and who will help the Credit Union continue to uphold this value.  John has been active in his local community where he currently serves on the Parks Facilities Committee and as Vice Chairman of the Board of Selectman. He previously served on the Zoning Board of Appeal.”

In addition to his service to his hometown, O’Brien has also been a member of the North Central and Worcester Chambers of Commerce, North Central Chamber Golf Scholarship Fundraising Committee and the Steering Committee of the New England Credit Union League Lending Council.

O’Brien served for four years in the United States Air Force, and attended the University of Maryland, Holyoke Community College and Duke University’s Fuqua School of Business. He and his wife reside in West Boylston, and are the parents of two adult children.

Carol Southworth, Senior Vice President of Retail filled the President/CEO role on an interim basis since January.  “The Board is grateful to Carol for the excellent job she did during the interim period,” said Gasbarro. “Carol’s leadership skills kept the credit union’s performance and strategic initiatives moving forward while we conducted our search to fill the position.”

Mychelle Phillips, AVP/Operations Manager and Ellen Coughlin, HR/Manager were selected as recipients of the Credit Union Rising Stars Award.

Rising Star Award recipients were selected by an independent committee representing several New England Credit Union Leagues based on their contributions to both their credit unions as well as their communities.

Phillips has worked for LCU for 10 years.  Gary M. Abrams, Executive Vice President, CFO/COO, wrote of Phillips in his nomination letter to the selection committee, “Phillips has a style of management that has her department outperform most others because of the very positive way she manages.  Her leadership skills have brought the Operations Department to a top ranked and well respected department throughout the credit union.  Phillips is also very socially responsible and involved at the community level within the town that she resides with particular emphasis in the political, educational and athletic arenas.”

Coughlin has worked for the Credit Union for 10 years.  Coughlin’s nomination letter was submitted by Barbara Mahoney, SVP/Human Resources.  Mahoney wrote, “Coughlin is committed to doing more than what is expected in her given role and is a sought out resource for committees, special projects or new initiatives across the credit union.  She is consistently looking to improve the products and services we provide to employees, as well as further enhance the level of efficiency in which we deliver these services. Her oversight of policy administration, our performance management program and recruiting initiatives have always exceeded the expectations of the managers and employees she serves.” 

The awards were presented at a special presentation hosted by The Massachusetts Credit Union League, New Hampshire Credit Union League, Credit Union Associate of Rhode Island and CenterPoint magazine.

All One Credit Union has dedicated the month of May as Homebuyers’ month.  Throughout the month, LCU will provide home buying information, tips, special offers, and events.

“Area realtors tell us they are seeing an uptick in activity in the local real estate market,” commented John O’Brien, LCU’s Senior Vice President of Lending.  “We felt this would be a great time to provide helpful information, as well as opportunities for down payment and closing cost assistance and credits.  Many people had been waiting out the slow economy to buy a home. Now, with rates still very low and inventory dropping, home buyers are back, both first-time buyers as well as those looking to up or downsize.”

Included in the activities planned for the month will be daily home-buying tips on Facebook and  a first-time homebuyers’ seminar  featuring  a team of experts including a realtor, home inspector, mortgage specialist and attorney who will walk attendees through the home buying process.  Attendees will also have the opportunity to apply to get  pre-qualified on-site.  The seminar will be held on Wednesday, May 22 from 6-8 pm at LCU’s branch on 137 Shrewsbury Street in Worcester.  Registration is required by calling 978-466-7244 or email to marketing@all-onecu.com.

LCU is also using this campaign to let first-time homebuyers know that they can apply for up to $15,000 in down payment and closing cost assistance, subject to credit approval. The funds are made available through a $150,000 grant from the FHLB Equity Builders Program.  To qualify you must be a first-time homebuyer who meets income eligibility guidelines.  The assistance will be available until the grant funds have been depleted.

Full details about all the events, information and assistance programs can be found on www.lcu4homes.com

Anthony A. Gasbarro, Chairman of the Board and Carol A. Southworth, Interim President & CEO of All One Credit Union presented Nona Ojala and Jack Hathaway with a check for $8,000 as the Premier Sponsor of Starburst 2013.

Starburst 2013 will be held on Saturday, June 15, 2013 at Doyle Field, Leominster, MA.  The gates will open at 4:30 and the first event will begin at 5:00 pm.  Among some of the performances that night, there will be the musical talents of the Leominster High School Jazz Band and the All-City Youth Concert Band.  The grand finale will be the fireworks extravaganza set to a “Pops” style concert performed by the 40-piece Starburst Band.  The band will perform numerous familiar songs including a medley from the James Bond movies and the Broadway shows, Oliver and A Chorus Line.  Donations for Starburst can be mailed to Starburst, P. O. Box 621, Leominster, MA 01453 or by contacting Nona Ojala at 978-537-2904.