John O’Brien announces retirement, Barbara Mahoney named as President & CEO

Leominster, MA – Leominster Credit Union (LCU) held its first ever Virtual Annual Meeting on September 15, 2020. During this meeting John O’Brien, President & CEO of Leominster Credit Union announced that he will be retiring effective, November 30, 2020 after 13 years with LCU.  

“I have enjoyed my 13 years at Leominster Credit Union as well as my 41 years in the banking industry.  The last 7 ½ years as the CEO of LCU has been a very rewarding experience.  I believe the Credit Union is in an excellent position, with a strong management team in place, solid results, excellent employee morale, and a strong vision. I feel very fortunate to be able to retire at a time that both works for me, and works well for LCU,” said John O’Brien. 

Giulio Greco, Chairman of the Board said, “John is well respected throughout the credit union community and has been dedicated to giving back to non-profit organizations in the communities in which we live and work. He has been a strong asset to Leominster Credit Union, and we will miss his leadership.” 

The Board of Directors appointed Barbara Mahoney as the next President & CEO to replace John O’Brien.

Mahoney joined the Credit Union on October 10, 2003 as Vice President of Human Resources.  She was promoted to Senior Vice President of Human Resources in March of 2010 at which time she oversaw Human Resources, Training and Facilities. Since her promotion to SVP/Chief Operating Officer in January 2019, and she has been providing leadership, direction and vision for the Operations, Information Technology/Risk, Human Resources and Facilities functions.  

Before joining Leominster Credit Union, Barbara was employed for 13 years at Allmerica Financial as Director of Human Resources and prior to that she worked for Bank of Boston.  

“I am honored and humbled by the Board’s decision and very excited to take on the CEO role, representing and leading Leominster Credit Union.  We have an exceptional team and I know through their passion and commitment we will continue to move LCU forward. John established an excellent foundation and I am confident we are positioned well, for continued success,” said Barbara Mahoney. 

Barbara has had many professional affiliations within our community including, The North Central Massachusetts Chamber of Commerce, Economic Development Strategy Committee, Masshire North Central Workforce Board as the Executive Committee Chair, Employers Association of the Northeast Past Executive Committee Chair, HR Network and Cooperative Credit Union Association, New England Human Resources Association, Society of Human Resources Management, HR Council.  Barbara currently serves on the Foundation Board for St. Bernard’s High School.

“Barbara brings experience, leadership, strategic vision and a passionate community connection that we feel are critical attributes that will help Leominster Credit Union to continue moving forward over the next several years,” stated, Giulio Greco, Chairman of the Board. 

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, Clinton, Holden, North Leominster, Sterling and Worcester 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.