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