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For the nineteenth consecutive year, Leominster 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 1,161 new and used children’s books.  The books were distributed to Leominster Community Coalition, MOC (Child Care and Head Start Center), Sunrise Assisted Living, Fitchburg Public Schools and the Boys and Girls Club of Fitchburg and Leominster.

 

(L-R) Chad Garner, Communications Coordinator, Fitchburg Public Schools;
Rachel Terrell, Executive Assistant/LCU; John O’Brien, President & CEO/LCU

 

(L-R) Rachel Terrell, Executive Assistant/LCU; Georgia Robideau, Assistant Education Director, MOC;
John O’Brien, President & CEO/LCU

 

The Annual Meeting of Leominster Credit Union was held April 16, 2019 at the Credit Union’s Executive and Operations Building in Leominster.

The President’s report presented the financial highlights for 2018. Total assets ending 2018 increased to $706.5 million from $676.9 million at the end of 2017. LCU is ranked as the 15th largest credit union in Massachusetts. LCU’s loan portfolio remains strong increasing from $487.7 million in 2017 to $527.2 million in 2018.

Following the Annual Meeting, the Board of Directors met and elected officers for 2019-2020.

Michael J. Sauvageau, Chairman of the Board. Sauvageau has been on the Board since 2007. Sauvageau serves on LCU’s Executive, Credit and Investment Committees.

Giulio G. Greco, Vice Chair. Greco has served as Chairman from 1994-1998 and again from 2008-2011. He currently serves on the Executive and Audit Committees. Greco has served on the Board since 1978.

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.

Joyce A. LaFleur, Assistant Treasurer. LaFleur serves on the Executive, Audit, Investment, and Advisory Committees. LaFleur has served on the Board since 2007.

Joseph V. Quintal, Clerk. Quintal serves on Executive, Audit, Compensation and Advisory Committees. Quintal has served on the Board since 2006.

Joining the officers on the 2019-2020 Board of Directors are, Amedeo E. Bilotta, Bruce J. Bollivar, Joyce G. Leger, Henry C. Kulik, Jr., and Richard A. Sheppard.

Seated:  (L-R): Guilio G. Greco, Vice Chairman; Michael J. Sauvageau, Chairman of the Board

Back Row (L-R) Joyce A. LaFleur, Assistant Treasurer; Nancy L. Graves, Treasurer;­­­­ Joseph V. Quintal, Clerk

Leominster Credit Union is joining credit unions throughout Massachusetts to collect new and gently used books during the month of April in collaboration with the Cooperative Credit Union Association Annual Book Drive. The books will be donated to local organizations providing an educational resource for many children. Books may be dropped off at any Leominster Credit Union Office by April 30, 2019. For more information contact Rachel Terrell at 978-466-7221 or rterrell@leominstercu.com.

Leominster Credit Union will hold a Shred-A-Thon at its headquarters located at 20 Adams Street, Leominster, MA on Saturday, April 27, 2019 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 978-466-7240 or marketing@leominstercu.com.

A special Journey for a Cure Event will be held to support the American Cancer Society Relay For Life®. The event will be held at Breakaway Billiards in Clinton MA on Saturday, May 4th at 7pm.   Click for more information

Branch and Member Service Center hours changed March 2, 2019. View new hours.  Through member surveys and feedback as well as branch traffic studies we determined the hours that would best meet our members’ needs. Members have the convenient option to conduct most transactions at our ATM’s or via our Mobile and Online banking services including transfer funds, check balances, pay bills, and even deposit checks remotely. Learn more about LCU’s Online Banking, easy Bill Pay service, and Mobile Banking  options here or through the top menu of this site.

Leominster Credit Union, on behalf of the Cooperative Credit Union Association, Inc., is pleased to announce the 2019 College Scholarship Program. College bound students have the opportunity to be the recipient of one of six (6) $1,500 scholarships being awarded in 2019. For pertinent information, eligibility requirements and to download an application click here. Best of luck to all our applicants!

Leominster, MA –Leominster Credit Union is holding two free homebuyers’ seminars this fall.  Mortgage seminars will be held Wednesday, October 24, 2018 at the 910 West Boylston Street, Worcester branch and Wednesday, November 7, 2018 at LCU headquarters, 18 Adams Street, Leominster.  Both seminars are scheduled from 6:00pm – 7:30pm.

LCU Homebuyers Seminars will address the specific needs of most homebuyers including first time buyers, buyers moving after owning for several years, or buyers entering the market after having credit issues in the past. A team of real estate experts including a realtor, attorney and financing professionals will present the program.  Topics will include: Are you ready to buy 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.

“The process of buying a home can be daunting. Making the right choices can help set you up for the rest of your life,” said Lydia Vazquez, Assistant Vice President, Real Estate Lending. “The seminars will help break down the entire process.  Our goal is to enable the attendees to be well prepared; to have realistic expectations and to avoid costly mistakes.”

Matt Dufault, AVP Retail Lending added, “We’d like to encourage people re-entering the home-buying market after having some credit difficulties to attend. Situations such as a job loss, divorce, illness, bankruptcy or foreclosure can hurt your credit and affect your ability to buy a home. We’ve seen a number of applicants who once had excellent credit now finding themselves in the unfamiliar position of struggling to get approved for a mortgage loan due to an unusual circumstance or one-time event. This seminar will not only give you the basics of buying a home, but also the opportunity to establish a plan with one of our lenders for home ownership based on your personal situation.”

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

Seating is limited and registration is required. Register online: West Boylston Street-10.24.18 event – bit.ly/FTHB-WBS102418; Leominster-11.07.18 event – bit.ly/FTHB-LEO110718 or visit Leominstercu.com.

 

910 West Boylston Street, Worcester, MA

Wednesday, October 24, 2018

6:00PM – 7:30PM

 

LCU Headquarters, 18 Adams Street, Leominster, MA 01453

Wednesday, November 7, 2018

6:00PM – 7:30PM

Founded in 1954, Leominster Credit Union (LCU) is a member-owned, not-for-profit financial cooperative with a full range of deposit, lending and other financial services. Headquartered in Leominster, Massachusetts, LCU is proud to claim nearly 50,000 members and more than $700 million in assets. LCU has seven branch locations in Leominster, Worcester, Clinton, Holden, Sterling and North Leominster with ATM services at all branch locations. LCU also provides 24 hour banking via Mobile and Online services. Visit leominstercu.com or call 800-649-4646.

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Leominster Credit Union announces that Lisa Zorn has been promoted to Manager of Indirect Lending. Zorn will be responsible for the management of all aspects of the Indirect Lending Department.

Zorn who has more than 15 years of experience in the financial industry, joined the Credit Union in 2015 as Indirect Lending Underwriter. Most recently Zorn worked for GFA as an Underwriter of Indirect and Direct Lending. She brings with her extensive knowledge and expertise in the lending, loan servicing and the mortgage arenas. Lisa currently resides with her family in Fitchburg, MA.

Lisa Zorn