LEOMINSTER, MA – June 26, 2015 – The Annual Meeting of Leominster Credit Union was held on April 21, 2015 at the Credit Union’s Executive and Operations Building in Leominster.
The President’s report presented the financial highlights for 2014. Total assets as of December 31, 2014 were $621 million. LCU is ranked as the 13th largest credit union in Massachusetts. The capital/asset ratio now stands at 9.96%. Leominster Credit Union continues to be 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 2015-2016.
Anthony A. Gasbarro was re-elected to the office of Chairman of the Board. He is a Leominster resident and has been on the Board since 2003. Gasbarro serves on LCU’s Executive, Audit, Investment, Compensation and Advisory Board Steering Committees.
Giulio G. Greco, was elected Vice Chairman. He serves on the Executive, Audit and Investment 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 Leominster Credit Union Board of Directors in 2011. Kulik serves on the Executive and Audit Committees.
Joyce A. LaFleur was elected Assistant Treasurer. LaFleur joined the Leominster Credit Union Board of Directors in 2007. LaFleur is a resident of Leominster and serves on the Executive and Audit Committees.
Richard A. Sheppard was re-elected to the position of Clerk. Sheppard has been on the Board of Directors since 2006. He serves on the Executive, Audit, Investment, and Compensation Committees. Sheppard resides in Sterling.
In addition to the officers, the 2015-2016 Board of Directors includes, Amedeo E. Bilotta of Lunenburg, Bruce J. Bollivar of Holden, Andrew D. Cousins of Sterling, Nancy L. Graves of Leominster, Michael J. Sauvageau of Leominster and Joseph V. Quintal of Clinton. The Board of Directors is responsible for setting LCU policies.
Front Row: Anthony Gasbarro, Chairman; Giulio Greco, Vice Chairman
Back Row: Dick Sheppard, Clerk; Joyce LeFleur, Assistant Treasurer; Henry C. Kulik, Jr., Treasurer