Leominster, MA– Leominster Credit Union announces they have hired Craig Madonia as Senior Vice President of Lending. Madonia will oversee all commercial, consumer, indirect and real estate lending, as well as collections and loan servicing. Madonia fills the position vacated by John O’Brien, who was recently appointed President and CEO.
“We are delighted to have Craig on-board at LCU,” said O’Brien. “We are confident that with his expertise in all facets of the lending function, coupled with his excellent leadership skills, he will be a tremendous addition to the management team.”
In addition to the oversight of the Lending Division and participation as a member of the Senior Management Team, Madonia will also serve on the ALCO, Credit and New Product Development Committees.
Madonia was previously with Central One Credit Union in Shrewsbury where he was responsible for overseeing the lending functions including commercial, mortgage and consumer lending programs as well as collections. Prior to Central One, Madonia held lending positions at Barre Savings and UniBank for Savings.
Madonia earned a bachelor’s degree in Finance from Fitchburg State University. He also has taken courses at Fairfield University on Cash Flow, Business Analysis and Commercial Credit. Madonia is a resident of Leominster.